Question
Customer Angela Sosa purchased $142,877 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $83,349. Standard
Customer Angela Sosa purchased $142,877 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $83,349. Standard credit card charges Cars Plus a fee of 4% of the sale. What is the gross margin recognized by Cars Plus? Round to the nearest whole dollar, no decimal places.
Customer Angela Sosa purchased $132,090 worth of car parts with her Standard credit card. The cost to Cars Plus for the sale is $84,601. Standard credit card charges Cars Plus a fee of 4% of the sale. What is the operating income recognized by Cars Plus? Round to the nearest penny, two decimal places.
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