Question

Please help me- its hard-

Answer 1

They should mark-up the price by $4,995

The retail price would be $18,495

Explanation:

To find the markup you have to find 37% of 13,500

`(13500)/(1) * (37)/(100) = 4995`

After finding the mark-up price you then have to add it to the wholesale price to find the retail price

`13500 + 4995 = 18495`

Answer 2

$18,495

Explanation:

The wholesale cost to the dealership is 100% of $13,500.

Then the dealership adds 37% of $13,500.

100% + 37% = 137% = 1.37

The retail price of the car is 1.37 times the wholesale price.

$13,500 × 1.37 = $18,495