Jim Abbott purchased a $60,000 recreational vehicle (RV) with a 40 percent markup on selling price. a. What was the amount of the dealer’s markup? Markup amount $ b. What was the dealer’s original cost?

asked Oct 27, 2019 148k views

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$42,857.14

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Central answered Oct 28, 2019

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Answer:

24,000 dealer paid

mark up : 36,000

Explanation:

60,000 * 0.40= 24,000

60,000-24,000= 36000

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