Question

A car dealership acquires used Ford for $25,000 per unit . Its expenses on the used vehicle are 12% of the cost, and it prices the vehicle with 35% markup on cost percentage. After 1 months, if the car does not sell, it marks the cut down by 15%.
a. What are the expenses?
b. What is the amount of the markup?
c. What is the regular setting price?
d. What is the markup on selling price percentage?
e. What is the sale price?
f. What is the amount of the mark down?
g. What is the profit and if the car is sold at the sale price?

Answer 1

Answer:

used vehicle are 12% of the cost, and it prices the vehicle with 35% markup on cost percentage. After 1 months, if the car does not sell, it marks the cut down by 15%.

a. What are the expenses?

b. What is the amount of the markup?

c. What is the regular setting price?

d. What is the markup on selling price percentage?

e. What is the sale price?

f. What is the amount of the mark down?

g. What is the profit and if the car is sold at