# 7-59. Markups A new 2016 Honda Accord has a list price | of $25,965. Suppose that the dealer mark-up on this car is 9.3%. What is the dealer’s cost? Tahmid Knox 2020-12-28 Answered 7-59. Markups A new 2016 Honda Accord has a list price | of$25,965. Suppose that the dealer mark-up on this car is 9.3%. What is the dealer’s cost?
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The dealer’s cost is the list price plus 20% of the list price:
$\mathrm{}25965+0.2\left(\mathrm{}25965\right)=\mathrm{}25965+\mathrm{}5193=\mathrm{}31158$