The markup on a used car was at least 20% of its current wholesale price. If the car was sold for $5900, what was the maximum wholesale price? (Give your answer correct to the nearest dollar.)

Answer 1

1.2x = 5900
x = 5900/1.2 = 4916.67
or $4917 to the nearest dollar

Answer 2

where did the 1.2 come from?

Answer 3

20% increase
= 100% + 20%
= 1 + .02
= 1.02

Answer 4

The markup on a used car was at least 20% of its current wholesale price. If the car was sold for $8,400, what was the maximum wholesale price?