Per this address "http://www.obd-codes.com/trouble_codes/" p0505 is a "IAC (Idle Air Control) System Malfunction" it gives some good suggestions to look at to find a solution for your problem.
Check out this video on You Tube for a potential fix. This fix worked for me. Check out this video on YouTube: http://www.youtube.com/watch?v=zC6FkziI1ds&feature=youtube_gdata_player
CODE PO505 IDLE SPEED CONTROL SYSTEM MALFUNCTION.
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