Question

Markup = original cost × percentage markup

Answer 1

B) $480

8,000*.06= 480

Answer 2

Answer:

B) $480

Step-by-step explanation:

We have been given that a car seller buys a car from a manufacturer for $8,000. He increases the cost by 6 percent. We are asked to find the markup value.

We know that markup is original cost times markup percentage. So markup value for the car would be :

$\text{Mark-up value of car}=\ 8,000\times \frac{6}{100}$

$\text{Mark-up value of car}=\ 80\times 6$

$\text{Mark-up value of car}=\ 480$

Therefore, the mark-up value for the car is $480 and option B is the correct choice.