Question

Tina owns a car dealership. She just received a shipment of luxury sport cars. She paid 50,000 for each vehicle and wants to make 25% on each car sale. What is Tina’s selling price?

Answer 1

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To calculate Tina's selling price for each luxury sport car, we need to add her desired 25% profit margin to the cost price of $50,000.

1. Calculate the profit margin: 25% of $50,000 can be found by multiplying $50,000 by 0.25.

$50,000 * 0.25 = $12,500

2. Calculate the selling price: To find Tina's selling price, we add the profit margin to the cost price.

$50,000 + $12,500 = $62,500

Therefore, Tina's selling price for each luxury sport car would be $62,500. This accounts for the cost price of $50,000 and the desired 25% profit margin.

bye!! hope this helps ya!! - sun

Answer 2

Tina wants to make a profit of 50000 * 0.25 = 12500 on each car.

So the selling price of each car will be 50000 + 12500 = 62500.

Therefore, Tina's selling price is $62,500