The dealer's cost of a car is 85% of the listed price. The dealer would accept any offer that is at least $500 over the dealer's cost. Design an algorithm that prompts the user to input the list price of the car and print the least amount that the dealer would accept for the car.

Explanation:

The following code is writen in Python. It is a function called minPrice. It asks the user to input the list price of the vehicle and then multiplies that by 0.85 in order to get the dealer's cost. Then it adds 500 to that price and returns it to the user as the minimum price that the dealer would accept for the car.

def minPrice():

   list_price = input("Please enter the list price of the car: ")

   dealers_cost = int(list_price) * 0.85

   min_accepted_price = dealers_cost + 500

   print(min_accepted_price)