Jim Abbott purchased a 57000 recreational vehicle RV with a

Jim Abbott purchased a $57,000 recreational vehicle (RV) with a 30 percent markup on selling price.

a. What was the amount of the dealer’s markup?

Markup amount            $

b. What was the dealer’s original cost?

Original cost            $

Solution

SP = 57000 $

30% markup

So, the markup amount = 30% of 57000 ---> 17100

The amount of markup was : 17100 dollars -----> ANSWER

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Original cost = 57000 - 17100

Original cost = 39900 dollars -----> ANSWER