Successive Percentage Profit
Successive Percentage Profit
TGM Original
The cost of manufacturing a car was \(\$10\,800\).
- It was sold to a car dealer at a profit of \(10\%\) of the cost. Calculate the price the car
dealer paid for the car. - The car dealer sold the car to a customer at a profit of \(15\%\) of the price he paid for it.Calculate how much the car cost the customer.
- Calculate the percentage increase in the cost of the car from the manufacturer to the
customer.
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Answer:(a) \(\$11\,880\), (b) \(\$13\,662\), (c) \(26\frac{1}{2}\%\)
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