Knowee
Questions
Features
Study Tools

A man bought an old car and spent 20% of the cost of repairs. If his total cost including repairs was $ 1,20,000, at what price did he buy the car?

Question

A man bought an old car and spent 20% of the cost of repairs. If his total cost including repairs was $ 1,20,000, at what price did he buy the car?

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we need to understand that the total cost of $120,000 includes the cost of the car and the cost of the repairs.

Step 1: We know that the cost of the repairs is 20% of the cost of the car. So, if we let the cost of the car be X, then the cost of the repairs is 0.20X.

Step 2: The total cost is the cost of the car plus the cost of the repairs. So, $120,000 = X + 0.20X.

Step 3: To simplify this equation, we can combine like terms to get $120,000 = 1.20X.

Step 4: To solve for X, we can divide both sides of the equation by 1.20. So, X = $120,000 / 1.20.

Step 5: Sol

This problem has been solved

Similar Questions

Caleb had a repair made on his car. He used a coupon for off the repair cost. When he paid, Caleb added a tip of on top of the discounted repair cost. If Caleb paid a total of for the repair including the discount and tip, how many dollars was the original cost of the repair?

A person bought a bicycle for a certain amount of money. He spent 15% of the cost on repairs and sold it for a profit of Rs.1150. How much did he spend on repairs if he made a profit of 25%?

A trader bought a consignment of potatoes and onions for Rs. 25,000. He sold the potatoes at a gain of 30% and the onions at a loss of 10%. If he gained 20% overall, how much did he pay for the potatoes?

A new car is purchased for $25,000. The value of the car depreciates by 10% in the first year and 10% in the next. What is the value of the car after two years?$19,500$19,750$20,000$20,250$20,500

A car's price increased from $15,000 to $18,000. What is the percentage increase in the car's price?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.