A purchaser just paid $32,352.94 for a pickup truck. If 49% was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar)
A) $16,500.00
B) $15,852.94
C) $15,800.00
D) $16,000.00

Question

Quizplus · Accepted Answer

The seller's markup is 49% of the selling price, so the cost of the pickup truck is 100% - 49% = 51% of the selling price. 51% of $32,352.94 is $16,500.00 (rounded to the nearest whole dollar).

A Purchaser Just Paid $32,352