Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a dealer buys a car from the manufacturer for 6 995 and then sells it for 8 387 his markup is 19 9 8

image text in transcribed
image text in transcribed

If a dealer buys a car from the manufacturer for 6 995 and then sells it for 8 387 his markup is 19 9 8 387 6 995 8 387 In doing this problem Angela calculated Select the correct choice below got an incorrect answer of 16 6 What mistake did she make w OA Angela calculated how much lower the manufacturer s price was compared to the dealer s price OB Angela calculated how much she could save on a new car OC Angela used the gross increase and not the net increase OD Angela used the prices measured in thousands of dollars instead of dollars 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Single Variable

Authors: Carl V Lutzer, H T Goodwill

1st Edition

1118137698, 9781118137697

More Books

Students also viewed these Mathematics questions

Question

What are the assumptions required of a multiple regression model?

Answered: 1 week ago