Question

a chevrolet cavalier 2 door costs the dealer $11,355 and he plans to sell for $12,110. what's the % markup on the selling price

Answer 1

The profit margin is $ 755

Explanation:

if the cost price is $11.355 and they plan to sell it at $ 12.110

$12.110 - $11.355 = $755

Then the profit margin of the sale will be the difference between these two, since it would cover the total value invested and the surplus corresponds to the profit that the sale of this is generating