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What percent of the sale price is the markup

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Question - Solve the word problem for the portion, rate, or base.

1. An auto dealer advertised a down payment of $1,600 on a Mustang valued at $17,100. What is the percent of the down payment? Round to the nearest tenth of a percent.

2. Housing prices in a particular county have increased by 24.5% over the price of houses five years ago.

(a) If $260,000 was the average price of a house five years ago, what is the average price (in $) of a house today?

(b) Economists predict that next year housing prices will drop by 5% in this area. Based on your answer from part (a), what will the average price (in $) of a house be next year?

3. The selling price for a fishing boat is $9,652.39. What percent of the sale price is the markup if the cost of the fishing boat was $6,800? (Round your answer to the nearest tenth of a percent.)

Reference no: EM132966929

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