Question

5. A Hummer four-door costs the dealer $57,915. The dealer has a 12.3% markup on selling price. What is the selling price of the vehicle? Round to the nearest dollar. Note: Markup is on selling price, not cost.

Answer 1

I think that if you write it out you will see what to do.

Answer 2

Can you?

Answer 3

I'm terrible at math, lol.

Answer 4

OK, what do you think
"he dealer has a 12.3% markup on selling price." means?

Answer 5

the dealer, ..typo....

Answer 6

Do I times the $57,915 by 12.3% ?

Answer 7

Yes, as a first step

Answer 8

I got $7,123.55

Answer 9

yes, and what is your next step?

Answer 10

7,123.55 is just a markup

Answer 11

I'm guessing adding the $7,123.55 to the $57,915

Answer 12

YUP!!!!! Bingo!

Answer 13

you are adding the original price to the markup!

Answer 14

Is it $65,038.55 ?

Answer 15

Yes!
You don't even need my help! GREAT!

Answer 16

Oh if I round to the nearest dollar is it $65,039 ?

Answer 17

yes!

Answer 18

what course is this?

Answer 19

ok thank you. Business Calculations and methods 117

Answer 20

Oh, I see. Pretty much the same thing as Personal Finance!
That's a good course to take, and one of the few that you will actually need in life.

Answer 21

Yes Thanks again.

Answer 22

Anytime! I am only good at trig and below in math, but I can try to help you if I am on, just tag!

Answer 23

How do you Tag?