Wally chin, the owner of an exxon mobil station, bought a used ford pickup truck, paying $1,900 as a down payment. he still owes 75% of the selling price. what was the selling price of the truck?

Down payment of the ford pickup truck = $1,900.

It is said that down payment amount $1,900 owes 75% of the selling price.

Therefore, 100-75 = 25% is the downpayment of total Selling price.

Let is assume selling price is $x.

According to problem,

25% of the selling price equals down payment amount $1,900.

Let us convert above statement into an equation.

25% of x is 1,900.

That is 25% x = 1,900.

25% could be written as 25/100 or 0.25.

So, the above equation would become

0.25x = 1,900.

Dividing both sides by 0.25, we get

0.75x/0.25 = 1,900/0.25

x=7600

So, the selling price would be $7600.

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