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3 years ago

11

A car dealership pays $8,550 for a car. They markup the price by 20.4% to get the retail price. What is the retail price of the

car at this dealership? *

1 answer:

DochEvi [55]3 years ago

4 0

Answer:

$9802.90

Step-by-step explanation:

$9802.90

Step-by-step explanation:

17.4% = 0.174

So retail price = 8,350 + 8,350 * 0.174

= $9802.90

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<u>Given </u><u>:</u><u>-</u>

A dealer sold a photocopy machine at Rs 4200 with 13% VAT to a retailer.
The retailer added transportation cost of Rs 250 , profit Rs 300 and local tax Rs 150 and sold to consumer .
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Amount to be paid by the customer .

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Here , according to the question ,

$\sf\dashrightarrow Cost\ of \ machine \ = \ Rs 4200$

$\sf\dashrightarrow VAT = 13\%$

Therefore cost after adding VAT ,

$\sf\dashrightarrow Cost = Cost_{initial}+13\% of Cost_{initial}\\$

$\sf\dashrightarrow Cost = Rs4200 + Rs 4200 \times \dfrac{13}{100}\\$

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$\sf\dashrightarrow\bf { Cost = Rs 5446}$

Again Selling price after addition of 13% VAT ,

$\sf\dashrightarrow SP = Rs 5446 + 13\% \ of \ Rs 5446\\$

$\sf\dashrightarrow SP = Rs 5446 + \dfrac{13}{100}\times 5446 \\$

$\sf\dashrightarrow SP = Rs (5446 + 707.98) = Rs ( 5446 + 708)\\$

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