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Post by account_disabled on Dec 26, 2017 9:10:20 GMT -5
Hi, A car dealership orders 80 automobiles from the factory and wants to sell each for $22,275. 60 of the cars are sold at this price, which represented an 8% profit above the dealership’s cost from the factory. To sell the remaining 20 cars, the dealership has to substantially discount the retail price, and each is sold at a price that represents a 4% loss below the dealership’s cost. What was the dealership’s profit or loss as a percent of the dealership’s initial cost for the 80 automobiles? Please help. Thanks! I didn't find the right solution from the Internet. References: gmatclub.com/forum/a-car-dealership-orders-80-automobiles-from-the-factory-and-wants-to-240434.htmlMarketing Communication Video
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