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?

• car was finally sold for $23600*1.6 *0.8= $30208
• 12 years agoHelpfull: Yes(11) No(1)
• 1st condition:-
  160% increase:
  original price + 60% of original price
  23600 + 23600x60/100 = 37760
  2nd condition:-
  discount 20%:
  37760 - 20% of 37760 = 30208
  So Ans = $30208
  
  
• 12 years agoHelpfull: Yes(9) No(0)
• new price of car when it remains unsold = 160% of original price
  i.e original price + 60% profit = $37760
  then there is 20% discount, so car is sold for $30208..
• 12 years agoHelpfull: Yes(2) No(0)