A car seller buys a car from a manufacturer for $8,000. He increases the cost by 6 percent. What is the markup value?
2 answers:
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Answer: He would pay 45% of the original price.
Step-by-step explanation:
Since we have given that
Let the original price of item be 'x'
Rate mark down by 25%
Amount of marked down would be
Amount after marked down becomes
Additional clearance items by 40% off
Amount of additional off is given by
After additional off, the amount becomes,
Hence, he would pay 45% of the original price.