Question

A car dealership pays $8,350. They markup the price by 15% to get the retail price. What is the retail price of the car at this dealership? ANSWER NOW DUE TOMORROW

Answer 1

(First calculate the mark up price)

Markup = $8,350 x 15/100
= $1,252.50

(Then add the markup to the price they paid for the car to get to the retail price)

Retail price = $8,350 + $1,252.50
= 9,602.50

Answer 2

Answer: $9602.50

Explanation:

The initial price is $8,350. If the price is marked up by 15%, then the retail price will be 115%, or 1.15 times, the initial price.

`8,350 * 1.15 = 9602.5`