I have these two questions from an ATB practice test on line. Although I got the answers I did not know how to set it up algebraically, I would really appreciate the help, thanks.
4. After having to pay increased income taxes this year, Edmond has to sell his BMW. Edmond bought the car for $49,000, but he sold it for a 20% loss. What did Edmond sell the car for?
A. $24,200
B. $28,900
C. $35,600
D. $37,300
E. $39,200
12. A computer is on sale for $1600, which is a 20% discount off the regular price. What is the regular price?
A. $1800
B. $1900
C. $2000
D. $2100
E. $2200
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