A dealer bought 13 logging trucks from a wholesaler for $68,000 each. The dealer marked each...
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A dealer bought 13 logging trucks from a wholesaler for $68,000 each. The dealer marked each one up by 25%. After 6 months, all but 5 trucks had sold, so the dealer discounted the price on the remaining trucks by 25%, and the remaining trucks sold within a month. What percent profit did the dealer make on the 13 trucks? (What percent of his expenses was his profit?) A dealer bought 13 logging trucks from a wholesaler for $68,000 each. The dealer marked each one up by 25%. After 6 months, all but 5 trucks had sold, so the dealer discounted the price on the remaining trucks by 25%, and the remaining trucks sold within a month. What percent profit did the dealer make on the 13 trucks? (What percent of his expenses was his profit?)
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The dealer bought 13 logging trucks for 68000 each so the total cost of the trucks was Total cost 13 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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