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A Car Dealership Has a Used Truck on Its Lot

Question 98

Multiple Choice

A car dealership has a used truck on its lot that it bought for $15,000 and is selling it for$20,000. The rate of markup on cost is:


A) 16 and % A car dealership has a used truck on its lot that it bought for $15,000 and is selling it for$20,000. The rate of markup on cost is: A) 16 and % B) 30% C) 33 and % D) 25% E) None of these answers is correct.
B) 30%
C) 33 and % A car dealership has a used truck on its lot that it bought for $15,000 and is selling it for$20,000. The rate of markup on cost is: A) 16 and % B) 30% C) 33 and % D) 25% E) None of these answers is correct.
D) 25%
E) None of these answers is correct.

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