On a certain game show, a contestant must guess the price of a car within 1% of it's actual value in order to win it. If the price of the car is $25,000 and she wins the car, what is the highest price (rounded to the nearest dollar) she could have guessed?

Answer

$24,750

Find 1% of the actual value of the car: 1% of $25,000 = $250.
The highest price the contestant could have guessed is $250 less than the actual value of the car: $25,000 - $250 = $24,750.
Round the highest price to the nearest dollar: $24,750 rounded to the nearest dollar is $24,750.