The answer is c. 30000 dollars
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
So you have to find 15 percent of 900 which would be 135
T = 5, so after 5 years
p(t) = t^3 - 14t^2 + 20t + 120
Take derivative to find minimum:
p’(t) = 3t^2 - 28t + 10
Factor to solve for t:
p’(t) = (3t - 2)(t - 5)
0 = (3t - 2)(t - 5)
0 = 3t - 2
2 = 3t
2/3 = t
Plug 2/3 into original equation, this is a maximum. We want the minimum:
0 = t - 5
5 = t
Plug back into original:
5^3 - 14(5)^2 + 20(5) + 120
125 - 14(25) + 100 + 120
125 - 350 + 220
- 225 + 220
p(5) = -5
