Answer :
Answer:
The percent increase in the price of the car is 31.36%.
Step-by-step explanation:
Given:
A car dealer buys a luxury car for $65,200 and sells it for $85,650.
Now, to find the percent increase in the price of the car.
Cost price of the luxury car = $65,200.
Sell price of the luxury car = $85,650.
So, the price of the car increased by:
Sell price of the luxury car - Cost price of the luxury car.
[tex]=\$85,650-\$65,200\\\\=\$20,450.[/tex]
Thus, the price of car increased by $20,450.
Now,to get the percent increase in the price of the car:
[tex]\frac{20450}{65200} \times 100[/tex]
[tex]=0.3136\times 100[/tex]
[tex]=31.36\%.[/tex]
Therefore, the percent increase in the price of the car is 31.36%.