Question

Diana bought a car for $5000 and plans to sell it to make a 20% profit. What should she sell it for to make the profit she desires?
A) $1,000
B) $4,000
C) $5,100
D) $6,000

Answer 1

Answer:

D) $6,000

Step-by-step explanation:

1. Find 20% of $5,000. To do that, you have to make 20% into decimal form. To do that, you have to move the decimal point over to the left two spaces: 20% becomes 0.20.
2. Multiply 5,000 and 0.20. The answer to 5,000×0.20 is 1,000.
3. Add that to $5,000. So 5,000+1,000=6,000
4. That’s your answer! $6,000

Another way you can do it that is much faster is multiply 5,000 by 1.20. Pretty much you just use the distributive property: 5,000(1+0.20). The one comes from 100%, which is when you add 5,000 and 1,000 to each other.