A car dealership purchases a particular car model for $16,500 each. The dealership's overhead expenses are $1250
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A car dealership purchases a particular car model for $16,500 each. The dealership's overhead expenses are $1250 and its operating profit is $3000 per car.
a. What is the rate of markup on cost?
b. What is the rate of markup on selling price?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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