1.
A car dealer advertises a 8% markup over cost. Find the selling price of a car that costs the dealer $38,000.
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Question
1.
A car dealer advertises a 8% markup over cost. Find the selling price of a car that costs the dealer $38,000.
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Answer:
41040
Step-by-step explanation:
First find the markup
38000* 8%
38000*.08
3040
Add the markup to the original price
38000+3040
41040
Multiply the cost of the car by 1 + percent of markup:
38,000 x 1.08 = 41,040
The price is $41,040