Question

A car seller buys a car from a manufacturer for 8,000. He increases the cost by 6%. what is the mark up value?

Answer 1

B)480

convert the 6% into a decimal by multiplying 6 by .01 (you can multiply any percentage by .01 to get its decimal form).

6•.01 = .06

multiply the outcome of the above by the $8,000

8,000•.06 = 480

Answer 2

8,000 x .06 is equal to 480
so its B