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A new car has a list price of 33,500. Suppose that the dealer markup on this car is 15%. What is the dealer’s cost?

A new car has a list price of 33,500. Suppose that the dealer markup on this car is 15%. What is the dealer’s cost?
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A new car has a list price of 33,500. Suppose that the dealer markup on this car is 15%. What is the dealer’s cost?

User Santhosh Gandhe
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I’m not sure if markup means addition or not from the original price, but 15% of $33,500 is $5,025. So if it’s addition than the price is $38,525.
User Tumchaaditya
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