7. A dealership recently sold a 4-door sedan, which it purchased for $18,000, at

15% markup. It accepted a trade-in for it, and it paid $5000 for the trade. Next, it

marked the trade-in up 25% and sold it in a week. What was the dealership's profit

on these two vehicles?

Question

Mathematics

Tianna

20 May, 12:29

7. A dealership recently sold a 4-door sedan, which it purchased for $18,000, at

15% markup. It accepted a trade-in for it, and it paid $5000 for the trade. Next, it

marked the trade-in up 25% and sold it in a week. What was the dealership's profit

on these two vehicles?

+4

Answers (1)

Know the Answer?

Jamie Lutz · Answer 1

The answer is 3950 $

Step-by-step explanation:

First we will calculate the two profits the dealership earned.

1. Profit on purchase.

18000 x 15% = 18000 x 0.15

=2700 $

2. Profit on Sale:

5000 x 25% = 5000 x 0.25

= 1250$

3. Adding both profits:

Total profit = 2700 + 1250 = 3950 $

7. A dealership recently sold a 4-door sedan, which it purchased for $18,000, at15% markup. It accepted a trade-in for it, and it paid $5000 for the trade. Next, itmarked the trade-in up 25% and sold it in a week. What was the dealership's profiton these two vehicles?

7. A dealership recently sold a 4-door sedan, which it purchased for $18,000, at

15% markup. It accepted a trade-in for it, and it paid $5000 for the trade. Next, it

marked the trade-in up 25% and sold it in a week. What was the dealership's profit

on these two vehicles?