Question: 4. a. What would the Markup % be for a 2010 Jeep Grand Cherokee, if it costs the used car dealer $8,110 but he sells

a. What would the Markup % be for a 2010 Jeep Grand Cherokee, if it costs the used car dealer $8,110 but he sells it for $14,750?

b. (2 pts.) Suppose this dealer has a second Jeep the invoice price of which is $5,750. If he decides to mark it up by 60%. How much should he price it for customers?

c. (2 pts.) What would be the markup amount on this second Jeep?

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