Question

Andy and Diane want to buy a new van. They are allowed $5,500 for their present car. They also made a down payment of $2,300. They still owe 40% of the regular price of the car. What is the regular price of the car

Answer 1

The regular price of the car is $13,000.

Explanation:

i) let the price of the van Andy and Diane want to buy be $x.

ii) they get $5,500 for their present car

iii) they also make a down payment of $2,300.

iv) therefore $x = $0.4x + $5,500 + $2,300

therefore $0.6x = $7,800

therefore $x = $
`(7800)/(0.6)` = $13,000

The regular price of the car is $13,000.