Answer :
Dealer's Cost + another 5% of Dealer's cost = (1.05) Dealer's cost.
(1.05) Dealer's cost = $23,727.90
Divide each side by 1.05 :
Dealer's cost = $23,727.90 / 1.05 = $22,598.00
(1.05) Dealer's cost = $23,727.90
Divide each side by 1.05 :
Dealer's cost = $23,727.90 / 1.05 = $22,598.00