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Bradley works for Prestige Motors, an automobile dealership. All employees can buy a car at the company's cost plus 4%. The company does not charge
Bradley works for Prestige Motors, an automobile dealership. All employees can buy a car at the company's cost plus 4%. The company does not charge employees the $500 dealer preparation fee that nonemployees must pay. Bradley purchased an automobile for $33,280 ($32,000 + $1,280). The company's cost was $32,000. The price for a nonemployee would have been $35,110 ($34,610 + $500 preparation fee).
Bradley works for Prestige Motors, an automobile dealership. All employees can buy a car at the company's cost plus 4%. The company does not charge employees the $500 dealer preparation fee that nonemployees must pay. Bradley purchased an automobile for $33,280 ($32,000 $1,280). The company's cost was $32,000. The price for a nonemployee would have been $35,110 ($34,610 $500 preparation fee). What is Bradley's gross income, if any, from the purchase of the automobileStep by Step Solution
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