Question

The local car dealership bought Terry's car for $8,500. It did some body work, repainted the car, and then marked the price up 35%.What is the list price of the car?

Answer 1

To find the list price of the car after the dealership marked it up by 35%, you can follow these steps:

Start with the price they bought Terry's car for, which is $8,500.
Calculate the markup by multiplying $8,500 by 35% (0.35):
Markup = $8,500 * 0.35 = $2,975
Add the markup to the purchase price to find the list price:
List Price = Purchase Price + Markup
List Price = $8,500 + $2,975 = $11,475
So, the list price of the car is $11,475.

Answer 2

Explanation:

To find the list price of the car after a 35% markup from the $8,500 purchase price, you can use the following calculation:

1. Calculate the markup amount: 35% of $8,500

Markup = 0.35 * $8,500 = $2,975

2. Add the markup amount to the purchase price to find the list price:

List Price = Purchase Price + Markup

List Price = $8,500 + $2,975 = $11,475

So, the list price of the car is $11,475 after the 35% markup.