what is 10% of $4664

Question

A student at a university makes money by buying and selling used cars. Charles bought a used car and later sold it for a 10% profit. If he sold it for $4664, how much did Charles pay for the car?

Answer 1

$4664=price paid+profit

4664=110% of what number ?

4664=110%*n

4664=1.1*n

46640=11*n

n=46640/11

n=$4240 is the price he paid for the car

check:10% of $4240=$424

$4240+$424=$4664