SOLUTION: The markup over dealer’s cost of a new car ranges from 12% to 18%. If the sticker price is $18,000, over what range will the dealer’s cost vary?

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Question 1207701: The markup over dealer’s cost of a new car ranges from 12% to 18%. If the sticker price is $18,000, over what range will the dealer’s cost vary?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
The markup over dealer’s cost of a new car ranges from 12% to 18%.
Dealers cost @ 12% mark up= 18000/1.12 = 16071.428

Dealers cost @ 18% mark up= 18000/1.18 = 15254.24
the dealer's cost will range approximately from $15,254.24 to $16,071.43.