A car dealership marks up all new automobiles by 15%. What was the original wholesale cost of a car with a sticker price at this dealership of $22,500? Round your answer to the nearest cent.
A) $19,565.22
B) $25,875.00
C) $3,375.00
D) $18,700.00

Question

Quizplus · Accepted Answer

The sticker price represents 115% of the original cost (100% original + 15% markup). To find the original cost, divide the sticker price by 1.15: $22,500 / 1.15 = $19,565.22.

A Car Dealership Marks Up All New Automobiles by 15