Question: Answer's (work needs to be shown): a) Markup = $11,200 Selling Price = $39,200 b) 40% c) 28.57% A car dealer buys a vehicle for

Answer's (work needs to be shown): a) Markup = $11,200 Selling

Answer's (work needs to be shown):

a) Markup = $11,200

Selling Price = $39,200

b) 40%

c) 28.57%

A car dealer buys a vehicle for $28,000. The dealer estimates that operating expenses per unit are 25% of cost. The dealer's desired operating profit is 15% of cost. a. What should the markup and selling price be for this vehicle? b. What is the dealer's rate of markup based on cost? c. What is the dealer's rate of markup based on selling price

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