Question

A car retailer purchased a car wholesale for $7,356.88. The standard markup for list price at the car retailer is 47 percent. At what list price will the car be sold?

Answer 1

To find the markup we multiply the wholesale price by the decimal representation of 47% that is 0.47. Then the markup is:

$7356.88\cdot0.47=3457.73$

Now we add the markup price to the wholesale price get the list price:

$7356.88+3457.73=10814.61$

Therefore the list price is $10814.61