Question

A car dealership pays a wholesale price of $12,000 to purchase a vehicle. The car dealership wants to make a 32% profit.

A. By how much will they mark up the price of the vehicle?


B. After the markup, what is the retail price of the vehicle?

Answer 1

A. mark up : $12000 x 0.32 = $3840

B. retail price: $12000 + $3840 = $15840

Explanation:

A. mark up : $12000 x 0.32 = $3840

B. retail price: $12000 + $3840 = $15840