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If the list price of a new car was $12,300, what was the cost of the

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Math Expert
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Joined: 02 Sep 2009
Posts: 58453
If the list price of a new car was $12,300, what was the cost of the  [#permalink]

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New post 03 Oct 2018, 03:29
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

97% (00:41) correct 3% (00:19) wrong based on 71 sessions

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Joined: 23 May 2018
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Re: If the list price of a new car was $12,300, what was the cost of the  [#permalink]

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New post 03 Oct 2018, 03:36
If the list price of a new car was $12,300, what was the cost of the car to the dealer?

(1) The cost to the dealer was equal to 80 percent of the list price.
\(12,300 * 0.80 = $9,840\)
SUFFICIENT


(2) The car was sold for $11,070, which was 12.5 percent more than the cost to the dealer.
\(11,070 / 1.125 = $9,840\)
SUFFICIENT


Answer: D
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Re: If the list price of a new car was $12,300, what was the cost of the   [#permalink] 03 Oct 2018, 03:36
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