Question

They mark up the price by 17.4% to get the retail price. What is the retail price of the car at this dealership.(a car dealership pays 8'350 for a car.)

Answer 1

Given:

The car dealership pays $8,350 for a car.

They mark up the price by 17.4% to get the retail price.

So, the retail price will be = 8,350 + 17.4% of 8,350 =

`\begin{gathered} 8350+(17.4)/(100)\cdot8350=8350\cdot(1+(17.4)/(100)) \\ \\ =8350\cdot1.174=9802.9 \end{gathered}`

So, the answer will be $9,802.9