Question

The cost price of a car is $60 000. If the marked price is set so as to make a profit of 15%, find the

marked price.
​

Answer 1

marked price = $69,000

Explanation:

cost price = $60,000

profit

= 15%

= 15% × cost price

= 15/100 × $60,000

= $9000

marked price

= cost price + profit

= $60,000 + $9000

= $69,000