Question
A car manufacturer produced a car at a cost of d dollars and sold it to a dealer at a price 20 percent higher
A car manufacturer produced a car at a cost of d dollars and sold it to a dealer at a price 20 percent higher than the production cost. If the dealer sold the car to a consumer for 15 percent more than the dealer paid for it, what did the car cost the consumer, in dollars? 1. 1.05d 2. 1.23d 3. 1.30d 4. 1.35d 5. 1.38d
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Fundamentals of Investment Management
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