Final answer:
To find out the asking price for a car that was originally sold for $28,800, we need to use the concept of mark-up. The mark-up percentage is the difference between the selling price and the cost of the car divided by the cost of the car. By adding the mark-up percentage to the original selling price, we can calculate the asking price to be $34,560.
Step-by-step explanation:
To find out how much to ask for a car that was sold for $28,800, we can use the concept of mark-up.
Mark-up is the difference between the cost of a product and its selling price, and it is usually expressed as a percentage of the cost.
In this case, the mark-up percentage is the difference between the selling price and the cost of the car divided by the cost of the car. So, the mark-up percentage is (28800 - 24000)/24000 = 0.2 or 20%.
To determine the asking price for a car that was originally sold for $28,800, we need to add the mark-up percentage to the original selling price. So, the asking price would be $28,800 + 20% of $28,800, which can be calculated as:
$28,800 + 0.2 * $28,800 = $34,560
Therefore, the asking price for a car that was originally sold for $28,800 would be $34,560.