What would be the mark up of value of A used-car dealer has a vehicle on the lot with a sticker price of 5999. if the dealer markup on used vehicles is 20 how much did the dealer pay for the car?

To find the cost the dealer paid for the car, you can use the formula: Cost = Sticker Price / (1 + Markup Percentage). In this case, the sticker price is $5,999 and the markup percentage is 20% (or 0.20). Therefore, the calculation would be: Cost = $5,999 / (1 + 0.20) = $5,999 / 1.20 = $4,999.92. Thus, the dealer paid approximately $4,999.92 for the car.