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# A car dealer sells each of his cars at a 20% discount from its sticker

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Math Expert
Joined: 02 Sep 2009
Posts: 59721
A car dealer sells each of his cars at a 20% discount from its sticker  [#permalink]

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26 Nov 2019, 01:53
00:00

Difficulty:

35% (medium)

Question Stats:

71% (02:21) correct 29% (01:51) wrong based on 21 sessions

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A car dealer sells each of his cars at a 20% discount from its sticker price. If a car costs him \$8000 to purchase, what should the sticker price be so that he will make a 15% profit on his cost when the car is sold?

A. \$9,200
B. \$10,800
C. \$11,040
D. \$11,500
E. \$13,500

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Joined: 18 Aug 2017
Posts: 5483
Location: India
Concentration: Sustainability, Marketing
GPA: 4
WE: Marketing (Energy and Utilities)
Re: A car dealer sells each of his cars at a 20% discount from its sticker  [#permalink]

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26 Nov 2019, 02:00
1
Bunuel wrote:
A car dealer sells each of his cars at a 20% discount from its sticker price. If a car costs him \$8000 to purchase, what should the sticker price be so that he will make a 15% profit on his cost when the car is sold?

A. \$9,200
B. \$10,800
C. \$11,040
D. \$11,500
E. \$13,500

x * .8 = 1.15* 8000
x= sticker price
so x= 11500
IMO D
Re: A car dealer sells each of his cars at a 20% discount from its sticker   [#permalink] 26 Nov 2019, 02:00
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