Jim abbott purchased a 60,000 rv with a 40 percent markup on selling price. what was the amount of the dealers markup? what was the dealers original cost?

The dealer's mark up would value the RV at 140% its original price. Therefore, the expression 1.4x = 60,000 can be used to find the original cost. This yields an answer of x, the original cost, = $42,857.14. The dealer's markup cost would be $60,000, as stated in the question.

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