A purchaser just paid $$ \$ 52,999 $$ for a $$ 4 W D $$ vehicle. If $$ 55 \% $$ of that amount was the seller's markup, based on the cost, then what was the cost of the 4 WD vehicle? (Round to the nearest whole dollar.) Select one: o a. $$ \$ 34,192.90 $$ ob. $$ \$ 33,605 $$ o c. $$ \$ 35,218.20 $$ o d. $$ \$ 59,000.50 $$

Question

UpStudy AI · Accepted Answer

To determine the cost of the 4 WD vehicle, let's break down the information provided:

1. **Total Purchase Price:** \$52,999
2. **Seller's Markup:** 55% of the cost

Let $$ C $$ represent the **cost** of the vehicle. The seller's markup is $$ 0.55C $$. Therefore, the total purchase price can be expressed as:

$$
\text{Total Price} = C + 0.55C = 1.55C
$$

Given that the total price is \$52,999:

$$
1.55C = 52,999
$$

Solving for $$ C $$:

$$
C = \frac{52,999}{1.55} \approx 34,193
$$

After performing the division:

$$
C \approx 34,192.90
$$

**Rounding to the nearest whole dollar**, the cost of the vehicle is **\$34,193**.

**Answer:**  
a. $$ \$ 34,192.90 $$
The cost of the 4 WD vehicle is approximately \$34,193. **Answer:** a. \$34,192.90

A purchaser just paid for a vehicle. If of that amount was the seller’s
markup, based on the cost, then what was the cost of the 4 WD vehicle? (Round to the
nearest whole dollar.)
Select one:
o a.
ob.
o c.
o d.

Upstudy AI Solution

Answer

Solution

Beyond the Answer

Related Questions

Latest Arithmetic Questions

A purchaser just paid for a vehicle. If of that amount was the seller’s markup, based on the cost, then what was the cost of the 4 WD vehicle? (Round to the nearest whole dollar.) Select one: o a. ob. o c. o d.