Answer:
The car was sold for $62,500.
Step-by-step explanation:
This question can be solved by a rule of three.
The commission rate on the sale of a new car is 0.4%
The commission on one car is $250, which means that 250 is 0.4% = 0.004 of the car price. How much is 100% = 1?
0.004 - $250
1 - x
[tex]0.004x = 250[/tex]
[tex]x = \frac{250}{0.004}[/tex]
[tex]x = 62500[/tex]
The car was sold for $62,500.
