Question

A car dealership pays $8,350 for a car. They Mark up the price by 17.4% to get the retail price. What is the retail price of the car at this dealership? Round the answer to tge nearest (hundredth) secon decimal place.

Answer 1

A car dealership pays the sum of $8,350 for a car

The dealer mark up the car price by 17.4%

The retail price = Mark up percentage x original price of the car

Mark up = 17.4%

= 17.4 + 10

= 117.4%

Convert 117.4% to decimal

= 117.4/100

= 1.174

The retail price = $8, 350 x 1.174

= $9,802.90

The retail price of the car is $9,802.90