If Mr cai sells a car at a discount at 5% of the usual price, he will make a profit of $5000.?

Question

If Mr cai sells a car at a discount at 5% of the usual price, he will make a profit of $5000.If he sells the care a ta discount of 20% of the usual price, he will lose $1000. Find the cost price of the car

Answer 1

That means that 15% of the price (20% - 5%) is $6000 ($5000 + $1000).

So: 1% of the price is 6000 / 15 or $400, and 100% of the car's price is $40000.

Answer 2

Cost = $33,000

MSRP = $40,000

(x + 5,000) / .95 = (x - 1,000) / .80

To eliminate the denominator,  multiply it by both sides, then solve the equation = $33,000,