A car dealership pays a wholesale price of $12,000 to purchase a vehicle. The car dealership wants to make a 32% profit. After the markup, what is the retail price of the vehicle?
Answers
Answer:
14 ,280.......I think
Given : A car dealership pays a wholesale price of $12,000 to purchase a vehicle. The car dealership wants to make a 32% profit.
To Find : After the markup, what is the retail price of the vehicle
Solution:
car dealership pays a wholesale price of $12,000 to purchase a vehicle.
Hence cost price of car = $ 12000
wants to make a 32% profit.
=> Profit = (32/100)12000 = 3840 $
Price for retailer = Cost Price + Profit
=> Price for retailer = $12,000 + 3840
=> Price for retailer = $15,840
retail price of the vehicle = $15,840
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