Question
The markup over dealer's cost of a new car ranges from 18% to 24%. If the sticker price is $14000 over what range will the dealer's cost vary?
Answers
Reiny
The cost with a 18% markup
= 14000/1.18 = $11 864.41
cost with a 24% markup
= 14000/1.24 = $11 290.32
= 14000/1.18 = $11 864.41
cost with a 24% markup
= 14000/1.24 = $11 290.32