Apex Autos acquired a new car from the manufacturer for an invoice price of $21,930.00, and they marked up the car by 14% to arrive at a sticker price. A customer then came into Apex Autos, traded in her old car, and purchased this new car. She paid the sticker price minus the amount of money she was given for her old car, which was $7840.00. Apex Autos then marked up the customer's old car by 22% and sold it to somebody else. 

Let's analyze how well Apex Autos made out on this deal:

Part I: What was the sticker price of the new car?

Part II: What was Apex Autos' profit on the new car?

Part III: How much did Apex Autos charge for the customer's old car?

Part IV: What was Apex Autos' profit on the customer's old car?

Part V: What was the total profit that Apex Autos made on the entire scenario described?

Answer rating: 100% (QA)

Part I The markup on the new car was 14 so the sticker price is 2193000 2193000 x 014 2499520 Theref... View the full answer