An import car dealer sells three models of a car. The retail prices and the current...
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An import car dealer sells three models of a car. The retail prices and the current dealer invoice prices (costs) for the basic models and options indicated are given in the following two matrices (where "Air" means air-conditioning). We define the markup matrix to be M-N (markup is the difference between the retail price and the dealer invoice price). Suppose that the value of the dollar has had a sharp decline and the dealer invoice price is to have an across-the-board 15% increase next year. To stay competitive with domestic cars, the dealer increases the retail prices 10%. Calculate a markup matrix for next year's models and the options indicated. Dealer invoice price Retail Price AM/FM Cruise AM/FM Cruise Basic Car Model A Model B $30,973 $34,215 Air $2009 Basic Car Air Radio Control Radio Control $1577 $806 $651 $531 Model A $35,902 $2910 $1704 $685 $308 = N Model B $39,790 $1958 $847 $490 =M Model C $41,838 $2810 $1162 $713 Model C $45,463 $3424 $1414 $820 Calculate a markup matrix for next year's models. Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice. Basic OA. AM/FM Cruise Air Car Radio Control Model A $ $ $ $ Model B S $ $ Model C $ $ $ (Round to the nearest integer as needed.) OB. The markup matrix for next year's model does not exist. An import car dealer sells three models of a car. The retail prices and the current dealer invoice prices (costs) for the basic models and options indicated are given in the following two matrices (where "Air" means air-conditioning). We define the markup matrix to be M-N (markup is the difference between the retail price and the dealer invoice price). Suppose that the value of the dollar has had a sharp decline and the dealer invoice price is to have an across-the-board 15% increase next year. To stay competitive with domestic cars, the dealer increases the retail prices 10%. Calculate a markup matrix for next year's models and the options indicated. Dealer invoice price Retail Price AM/FM Cruise AM/FM Cruise Basic Car Model A Model B $30,973 $34,215 Air $2009 Basic Car Air Radio Control Radio Control $1577 $806 $651 $531 Model A $35,902 $2910 $1704 $685 $308 = N Model B $39,790 $1958 $847 $490 =M Model C $41,838 $2810 $1162 $713 Model C $45,463 $3424 $1414 $820 Calculate a markup matrix for next year's models. Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice. Basic OA. AM/FM Cruise Air Car Radio Control Model A $ $ $ $ Model B S $ $ Model C $ $ $ (Round to the nearest integer as needed.) OB. The markup matrix for next year's model does not exist.
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