Question
Kahn Motors purchased 2008 an off-lease Nissan Altima from the Nissan dealer for $9850 in 2012. Kahn Motors marked up the price by 20% of
Kahn Motors purchased 2008 an off-lease Nissan Altima from the Nissan dealer for $9850 in 2012. Kahn Motors marked up the price by 20% of the regular selling price. After failing to sell it for 3 months, Kahn Motors decided to sell the car at a markdown of 15%. What is the final sale price of the car?
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Financial Accounting Reporting And Analysis
Authors: Earl K. Stice, James D. Stice
7th Edition
0324227329, 978-0324227321
