You, a used car dealer, are thinking about buying a 3-year-old car. You think you can resell the car for $9,500. If you want to maintain a 21% markup on the selling price, what price should you pay for

You, a used car dealer, are thinking about buying a 3-year-old car. You think you can resell the car for $9,500. If you want to maintain a 21% markup on the selling price, what price should you pay for the car?

a. $11,495
b. $1,995
c. $7,505

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