Question

Jana's car is valued at $4500. Her friend, Minnie, agrees to buy the car. Jana marks up the price 8%. How much does Minnie end up paying for the car?

a) $4860
b) $4450
c) $5000
d) $4080

Answer 1

Minnie ends up paying $4860 for the car.

Step-by-step explanation:

To find out how much Minnie ends up paying for the car, we need to calculate the markup price. Jana marked up the price by 8%, so we can find the markup amount by multiplying the original price ($4500) by 8% (or 0.08). The markup amount is $4500 x 0.08 = $360. To calculate the final price, we add the markup amount to the original price: $4500 + $360 = $4860.

Therefore, Minnie ends up paying $4860 for the car.