tina owns a car dealership. she just received a shipment of luxury sports cars. she paid $50,000 for each…

tina owns a car dealership. she just received a shipment of luxury sports cars. she paid $50,000 for each vehicle and wants to make 25% on each car sale. what is tinas selling price? $72,500 $62,500 $37,000 $65,500

tina owns a car dealership. she just received a shipment of luxury sports cars. she paid $50,000 for each vehicle and wants to make 25% on each car sale. what is tinas selling price? $72,500 $62,500 $37,000 $65,500

Answer

Explanation:

Step1: Calculate profit amount

The profit is 25% of the cost - price. The cost - price of each car is $50,000. So the profit amount is $50000\times0.25 = 12500$.

Step2: Calculate selling price

The selling price is the sum of the cost - price and the profit. So the selling price is $50000 + 12500=62500$.

Answer:

$62,500$