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Old 03-03-2010, 06:00 PM   #1
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Algebra proble helpp?

Brittanyy paid $95,920 for a 1966 Mustang at classic carAtionn where there is 9% buyer's premium . This means that the buyer pays the bid price plus 9% of the bid price What was the bid price>??
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Old 03-03-2010, 06:08 PM   #2
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Algebra proble helpp?

= $95,920/(1 + 0.09)
= $95,920/1.09
= $88,000

Answer: $88,000
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Old 03-03-2010, 06:10 PM   #3
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Algebra proble helpp?

Let x = bid price
x + .09x = $95,920
1.09x = 95,920
x = 95,920/1.09
x = $88000
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Old 03-03-2010, 06:27 PM   #4
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Algebra proble helpp?

$88,000
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Old 03-03-2010, 06:39 PM   #5
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Algebra proble helpp?

95920*.09 = 8632.80
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Old 03-03-2010, 07:19 PM   #6
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Algebra proble helpp?

$87288
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Old 03-03-2010, 07:39 PM   #7
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Algebra proble helpp?

8632.80
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