Question

A car dealership pays $8,350 for a car. They markup the price by 17.4% to get the retail price. What is the retail price of the car at this dealership? *

Answer 1

Therefore the retail price is $9802.90

Explanation:

i) Payment for the car = $8,350

ii) Let the retail price = $x

iii) therefore sale price = $x = 8350 +
`(17.4)/(100) * 8350`

therefore x = 8350
`*` 1.174

therefore x = $9802.90

Therefore the retail price is $9802.90