Question

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 trade-in, which was sold the following week at 25% markup. What was the dealership's profit on these two vehicles

Answer 1

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.

$= \frac{15}{100}$

= 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 .

$= \frac{25}{100}$

= 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 .

Answer 2

Hi there
17,000×0.15
=2,550
4,000×0.25
=1,000

Profit=2550+1000=3550

Hope it helps