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Popular Word Problems >

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

A t t h e e n d o f t h e ye a r, c a rs ma d e in t h e c u rre n t ye a r a re ma r k e d d o w n t o mak e roo m f or n e x t ye a r^{'} s m o d e l s . O n e p a r t i c u l a r m o d e l ha d a s t i c k er p r i ce o f 24, 000 w h e n i t w a s n e w . I t ha s j u s t b ee n ma r k e d d o w n b y 29%. Wha t i s t h e s a l e p r i ce o f t h e v e hi c l e ?

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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