Question
Miguel purchased a $51,000 RV for the family. The dealer told Miguel that there is a 30 percent markup on selling price for this type of vehicle.
a.) What was the amount of the dealer’s markup?
b.) What was the dealer’s original cost?
a.) What was the amount of the dealer’s markup?
b.) What was the dealer’s original cost?
Answers
(b) 51000/1.30
(a) subtract that from the selling price.
(a) subtract that from the selling price.
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