Answer :
You first need to calculate the profit and then add it to the original price.
Profit = 40% of $60,000 = 0.40 * $60,000 = $24,000
Selling price = Original price + Profit
Selling price = $60,000 + $24,000 = $84,000
So, the selling price of the car is $84,000.
Profit = 40% of $60,000 = 0.40 * $60,000 = $24,000
Selling price = Original price + Profit
Selling price = $60,000 + $24,000 = $84,000
So, the selling price of the car is $84,000.
Step-By-Step Solution:
To find the selling price of the car, you need to calculate the profit first. The profit made on the car is [tex]40\%[/tex] of the buying price, which is [tex]\$60.000[/tex].
1. Calculate the profit:
[tex]Profit = Buying\ price\times Profit\ percentage\\ Profit =\$60.000\times 40\%\\ Profit = \$60.000\times 0.40\\ Profit = $24.000[/tex]
2. Add the profit to the buying price to get the selling price:
[tex]Selling\ price = Buying\ price + Profit\\ Selling\ price = \$60,000 + \$24,000\\ Selling\ price = \$84,000[/tex]
Therefore, the selling price of the car is $84.000.
Answer:
$84.000
