The original price of a car was $23600. Because the car owner thought he could…
2025
The original price of a car was $23600. Because the car owner thought he could get more money for the car, he increased the price of the car to 160% of its original price. After a week, the car had not sold, so the owner then discounted the price by 20%, the car was finally sold. What price was the car sold for?
- A.
$75520
- B.
$23600
- C.
$37760
- D.
$30208
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Show answer & explanation
Correct answer: D
Solution: Find the price after the increase, then apply the discount.
Increase the original price to 160%: 23,600 × 1.6 = 37,760
Apply a 20% discount to the increased price: 37,760 × 0.8 = 30,208
Therefore the car was sold for $30,208.
Alternate (combined) method: multiply by the net factor 1.6 × 0.8 = 1.28, so 23,600 × 1.28 = 30,208.