A car dealership acquires a used vehicle for $14,600. Its expenses on used vehicles are 7%...
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A car dealership acquires a used vehicle for $14,600. Its expenses on used vehicles are 7% of cost and it prices the vehicle with a 38% markup on cost percentage. After two months, if the vehicle hasn't sold the dealership will mark it down by 19%. For full marks your answer(s) should be rounded to the nearest cent. Percentages should be accurate to at least two places. a) What is the regular selling price? Selling Price = $ 0.00 b) What is the markup on selling price percentage? Markup on Selling Price Percentage = 0.00 % c) What is the sale price? Sale Price = $ 0.00 d) What is the amount of markdown? Amount of Markdown = $ 0.00 e) What is the break-even price? Break-even Price = $ 0.00 SUBMIT AND MARK A car dealership acquires a used vehicle for $14,600. Its expenses on used vehicles are 7% of cost and it prices the vehicle with a 38% markup on cost percentage. After two months, if the vehicle hasn't sold the dealership will mark it down by 19%. For full marks your answer(s) should be rounded to the nearest cent. Percentages should be accurate to at least two places. a) What is the regular selling price? Selling Price = $ 0.00 b) What is the markup on selling price percentage? Markup on Selling Price Percentage = 0.00 % c) What is the sale price? Sale Price = $ 0.00 d) What is the amount of markdown? Amount of Markdown = $ 0.00 e) What is the break-even price? Break-even Price = $ 0.00 SUBMIT AND MARK
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