Bob buys a car and sells it for $2940. He made 20%. What was the original price of the car?

Bob made a 20% profit when he sold the car for $2940. To find the original price of the car, we need to reverse the profit calculation.

Let's denote the original price as $ P $.

Since Bob made a 20% profit, the selling price is 120% of the original price. So:

\[
1.20P = 2940
\]

Now, solve for $ P $:

\[
P = \frac{2940}{1.20} = 2450
\]

Thus, the original price of the car was **$2450**.

Would you like further details on this calculation, or have any questions?

Here are 5 related questions:
1. If Bob sold the car at a 15% profit, what would the selling price have been?
2. What would Bob’s profit be if he sold the car for $3000?
3. How much profit did Bob make from selling the car for $2940?
4. If Bob wanted to sell the car at a 25% profit, what would be the new selling price?
5. What is the percentage profit if Bob sells the car for $2800 instead?

**Tip:** When dealing with percentage problems, always convert percentages to decimals to simplify the calculations.

Discover how to calculate the original price of a car sold for $2940 at a 20% profit. This problem involves understanding percentages and basic algebra, providing a step-by-step solution suitable for students in Grades 6-8.

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