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March 26, 2017

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The markup over dealer's cost of a new car ranges from 18% to 24%. If the sticker price is $14000 over what range will the dealer's cost vary?

  • Algebra - ,

    The cost with a 18% markup
    = 14000/1.18 = $11 864.41

    cost with a 24% markup
    = 14000/1.24 = $11 290.32

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