At the end of the year, cars made in the current year are marked down to make room for next year's models. One particular model had a sticker price of 24,000 when it was new. It has just been marked down by 29%. What is the sale price of the vehicle?

Solution

At the end of the year, cars made in the current year are marked down to make room for next year's models. One particular model had a sticker price of 24, 000 when it was new. It has just been marked down by 29%. What is the sale price of the vehicle?

Solution

Amount after reduction : 17040

Solution steps

Translate the problem into an equation:

x = 24000 - 0.29 \cdot 24000

x = 24000 - 0.29 \cdot 24000 : x = 17040

Amount after reduction : 17040

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