Question

Sarah paid $18,444 for a new car last week. This price was 6 percent above the vehicle’s invoice price. What was the dollar amount of the invoice price?

Answer 1

Answer:

vehicle's invoice price is:

$17,400

Step-by-step explanation:

Sarah paid $18,444 for a new car last week.

This price was 6 percent above the vehicle’s invoice price.

Let the vehicle's invoice price be x.

⇒ $\dfrac{100+6}{100}\times x=18444$

⇒ $\dfrac{106}{100}\times x=18444$

⇒ $x=\dfrac{100}{106}\times 18444$

⇒ x=17400

Hence,  vehicle's invoice price is:

$ 17,400

Answer 2

$18,444/(100+6)=$174 is amount of one percent
$174*100=$17,400 is vehicle's invoice price
Vehicle's invoice price is $17,400