If the list price of a new car was \(\$12,300,\) what was the cost of the car to the dealer?

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If the list price of a new car was \(\$12,300,\) what was the cost of the car to the dealer?

(1) The cost to the dealer was equal to \(80\) percent of the list price.
(2) The car was sold for \(\$11,070,\) which was \(12.5\) percent more than the cost to the dealer.

Answer: D

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