Answer:
Brian should be able to negotiate a price higher than $27,200.
Step-by-step explanation:
Given:
Sticker price of the car = $32,000
Cost of the car = 15% lower than the sticker price.
We need to find the cost of the car as negotiation price needs to be higher than the cost price.
Solution:
First we find the cost of the car.
In the above statement, the cost of the car is 15% lower than the sticker price, so we use the percentage formula for cost of the car.
Using percentage formula.
[tex]percentage\ cost = \frac{100-percentage\ value}{100}\times Sticker\ cost[/tex]
Now, we substitute percentage value = 15 and Sticker cost = $32,000
[tex]Cost\ of\ the\ car=\frac{100-15}{100}\times 32000[/tex]
[tex]Cost\ of\ the\ car=\frac{85}{100}\times 32000[/tex]
Now, we divide 32,000 by 100
[tex]Cost\ of\ the\ car=85\times 320[/tex]
[tex]Cost\ of\ the\ car=\$27,200[/tex]
So, cost of the car is equal to $27,200
Therefore, Brian should be able to negotiate a price higher than $27,200.
