Respuesta :
Answer:
The markup price is 16.15 % .
Step-by-step explanation:
As given
The dealer quotes you a price of $8,595. You have a blue book quotation of $7,400 for the same model and year.
Formula
[tex]Markup\ price = \frac{Change\ in\ price\times 100}{Car\ price\ in\ blue\ book\ quotation}[/tex]
Where
Change in price = Car price by dealer - Car price in blue book quotation .
Put values in the above
Change in price = 8595 - 7400
= $ 1195
[tex]Markup\ price = \frac{1195\times 100}{7400}[/tex]
[tex]Markup\ price = \frac{119500}{7400}[/tex]
Markup price = 16.15 % (Approx)
Therefore the markup price is 16.15 % .
