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A car seller buys a car from a manufacturer for 10,000. He increases the cost by 5 percent. What is the markup amount?

A car seller buys a car from a manufacturer for 10,000. He increases the cost by 5 percent. What is the markup amount?
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3 votes
A car seller buys a car from a manufacturer for 10,000. He increases the cost by 5 percent. What is the markup amount?

User Olivier Darrouzet
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1 Answer

3 votes
The seller marks up the price by $500, for a grand total of $10,500
User Davidnr
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