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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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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