Question

A car dealership pays 8358 for a car they mark up the price by 17.4% to get the retail price. What is the retail price of the car at this dealership?

Answer 1

The retail price of the car is US$ 10,024 Rounding to the next whole

Explanation:

1. Let's check the information given to us to answer the question correctly:

Mark up the purchase price = 17.4%

Price of purchase of the car = $ 8,538

2. What is the retail price of the car at this dealership?

For calculating the retail price of the car, we will use the Rule of Three Simple, this way:

x = retail price of the car

x * 1 = 8,538 * 1.174

x = 10,023.61

The retail price of the car is US$ 10,024 Rounding to the next whole