A dealership purchased a four-door sedan for $17,000 and then sold it at 15% markup. the dealership paid the buyer $4000 for a t
2 answers:
Answer:
Find out the what was the dealership's profit on these two vehicles .
To prove
As given
A dealership purchased a four-door sedan for $17,000 and then sold it at 15% markup.
15 % is written in the decimal form.
= 0.15
Mark up price for sedan = 0.15 × 17000
= $ 2550
As given
The dealership paid the buyer $4000 for a trade-in, which was sold the following week at 25% markup.
25 % is written in the decimal form .
= 0.25
Mark up price for trade-in = 0.25 × 4000
= $1000
Than
The dealership's profit on two vehicles = Mark up price for sedan + Mark up price for trade-in
= $2550 + $1000
= $3550
Therefore the dealership's profit on these two vehicles iss $3550 .
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