A used car dealer has a vehicle on the lot whose sticker price says 5999. If the dealer markup on used vehicles is 20 how much did the dealer pay for the car?

To find out how much the dealer paid for the car, we can use the formula for the final price with markup. The formula is: Final Price = Cost + (Markup Percentage × Cost). Here, the final price is $5,999 and the markup is 20%.

Let ( C ) be the cost. Thus, ( 5999 = C + 0.20C = 1.20C ). By rearranging, we find ( C = \frac{5999}{1.20} ), which equals approximately $4,999.17. Therefore, the dealer paid about $4,999.17 for the car.