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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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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, 02:29
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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.
(2) The car was sold for $11,070, which was 12.5 percent more than the cost to the dealer.

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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, 02:36
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 &nbs [#permalink] 03 Oct 2018, 02:36
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