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

Answer:

Therefore the retail price is $9802.90

Step-by-step explanation:

i) Payment for the car = $8,350

ii) Let the retail price = $x

iii) therefore  sale price = $x  = 8350 + $\frac{17.4}{100} \times 8350$

   therefore  x = 8350 $\times$ 1.174

   therefore  x = $9802.90

Therefore the retail price is $9802.90