(a) If a dealer buys a car from the manufacturer for $$ 14, 405$ and then sells it for $$ 17, 632$ , what is his markup?
(b) In doing this problem, Angela got an incorrect answer of $18.3 %$ . What mistake did she make?
(a) The markup is $%$ .
(Type an integer or decimal rounded to the nearest tenth as needed.)

Answer

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Answer

$3227$ is the markup.

Steps

Step 1 ：The dealer bought the car for $14, 405 a n d s o l d i t f o r$ 17,632.

Step 2 ：The markup is the difference between the selling price and the cost price.

Step 3 ：Subtract the cost price from the selling price to find the markup: $17, 632 - 14, 405$ .

Step 4 ：Calculate the difference to find the markup.

Step 5 ： $3227$ is the markup.