Question

A car dealership pays a wholesale price of $12,000 to purchase a vehicle. The car dealership wants to make 34% profit. What is the mark up and retail price.

Answer 1

$16080

Explanation:

Given data

Wholesale price = $12,000

Profit = 34%

Let us find 34% of $12,000

=34/100*12000

=0.34*12000

=$4080

Hence the markup price is $4080

And the retail price is

=4080+12000

=$16080