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Yuliya22 [10]
3 years ago
12

Musa ships cars into Ghana, Nigeria and Benij republic from the United States of America. The import duty costs are 10%, 25% and

12% respectively for used cars from the three countries and 25%, 40% and 20% for new cars. He has landed a used Benz C300 and a new Toyota Highlander for $12,000 and $30,000 respectively. For how much should he markup the cars, if he desires to make a minimum profit of 15% after giving a discount of 10% to a reseller in Abuja, Nigeria?
Mathematics
1 answer:
babunello [35]3 years ago
6 0

The Benz C300 markup should be $15525. The markup price for the new Toyota Highland should be $43470

Step-by-step explanation:

For the used Benz C300

Initial price $12,000

Apply import duty for Nigeria which is 25%, which is similar to increasing the price by 25%

100% +25%=125%

12000*125/100 = $15000

Apply the 15% profit

100%+15%=115%

15000*115/100 =$17250

Apply the 10% discount, reducing the price by 10%

100%-10%=90%

17250*90/100 =$15525

The Benz C300 markup should be $15525

For the Toyota Highlander

Initial price = $30,000

Apply import duty for Nigeria for new cars, which is 40%, which is similar to increasing the car price by 40%

100%+40%=140%

30,000*140/100 =$42000

Apply the 15% profit

15%+100%=115%

115/100*42000 =$48300

Apply the 10% discount

100%-10%=90%

48300*90/100=$43470

The markup price for the new Toyota Highland should be $43470

Learn More

Percentage increase and decrease :brainly.com/question/11537235

Keywords : cars, import duty, cost, minimum profit, discount, reseller

#LearnwithBrainly

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Anton [14]

Answer:

D

Step-by-step explanation:

Let's derive the equations for the two graphs;

For the graph towards the right,

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Similarly for that towards the left we have;

The slope = y2-y1/x2-x1; so we choose two corresponding points (x1,y1); (x2,y2)

Let's choose points;

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y = x-1

Similarly for that towards the left we have;

The slope = y2-y1/x2-x1; so we choose two corresponding points (x1,y1); (x2,y2)

Let's choose points;

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y = mx + c = -1× x + c = -x + c

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If we pick (-7,0)

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Answer:

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Step-by-step explanation:

Arithmetic sequence converge,  only  in the case only when r=0

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if |r|>1 then geometric sequence diverge

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In option C, r= -2 , |r| > 1 so geometric sequence diverge

In option E, r= 2/3 that is less than 1  so it  converges

Answer is option A  and E




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