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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bahaistag
Answered 2020-12-29 Author has 101 answers
The dealer’s cost is the list price plus 20% of the list price:
$25965+0.2($25965)=$25965+$5193=$31158
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