asked 75.7k views
5 votes
You, a used car dealer, are thinking about buying a 3-year-old car. You think you can resell the car for $9,500. If you want to maintain a 21% markup on the selling price, what price should you pay for the car?

a. $11,495
b. $1,995
c. $7,505

asked
User Nbi
by
8.2k points

1 Answer

0 votes


x * 1.21 = 9500


x = (9500)/(1.21) = 7851

answered
User Retired Ninja
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.