Ou see a used car you wish to buy. the dealer quotes you a price of $8,595. you have a blue book quotation of $7,400 for the same model and year. how much markup on cost is the dealer using?

The markup price is 16.15 % .

Step-by-step explanation:

As given

The dealer quotes you a price of $8,595. You have a blue book quotation of $7,400 for the same model and year.

Formula

Where

Change in price = Car price by dealer - Car price in blue book quotation .

Put values in the above

Change in price = 8595 - 7400

                           = $ 1195

Markup price = 16.15 % (Approx)

Therefore the markup price is 16.15 % .

answer: .75 km

step-by-step explanation:

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