Mathematics

Question

You see a used car you wish to buy. The dealer quotes you a price of $9,550. You have a blue book quotation of $8,400 for the same model and year. How much markup on cost is the dealer using?

2 Answer

  • ((9,550−8,400)÷8,400)×100
    =13.69%=14%
  • Answer:

    It is 13.69% Exactly

    Step-by-step explanation:

    You see a used car you wish to buy. The dealer quotes you a price of $9,550. You have a blue book quotation of $8,400 for the same model and year. How much markup on cost is the dealer using?

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