A price markup is an increase in the price the dealer sells that he ensures in order to gain guaranteed profit. If the markup is 20%, this means that he added 20% of what he paid for the car, and used this price for sale. Therefore, we let x be the price the dealer paid for the car.
$5999 = x + 0.2x = 1.2x
x = $4999
Thus, the dealer paid $4999 originally for the car.
C. Private Property
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Answer:
For chain stores, prices are uniform in all branches while for departmental stores, each department sets its own price. Chain stores sell similar goods while departmental stores deal with different line of goods.
Explanation:
I think it is both A and B I coukd be wrong tho
