Question

1.

A car dealer advertises a 8% markup over cost. Find the selling price of a car that costs the dealer $38,000.

Answer 1

41040

Explanation:

First find the markup

38000* 8%

38000*.08

3040

Add the markup to the original price

38000+3040

41040

Answer 2

Multiply the cost of the car by 1 + percent of markup:

38,000 x 1.08 = 41,040

The price is $41,040