The markup price of the vehicle is $3840.
After the markup, the retail price of the vehicle is $15840.
Given that,
A car dealership pays a wholesome price of $12,000 to purchase a vehicle.
The car dealership wants to make a 32% profit.
We have to determine,
How much will they mark up the price of the vehicle?
After the markup, what is the retail price of the vehicle?
According to the question,
A car dealership pays a wholesome price of $12,000 to purchase a vehicle.
The car dealership wants to make a 32% profit.
Then,
They mark up the price of the vehicle is,
[tex]= 12000 \times \dfrac{32}{100}\\\\= 120 \times 32\\\\= 3840\\[/tex]
The markup price of the vehicle is $3840.
And After the markup, the retail price of the vehicle is,
[tex]\rm Retail \ price = Paid \ amount + Mark \ up \ price\\\\ Retail \ price =$12000 + $3840 \\\\ \rm Retail \ price= $15840[/tex]
After the markup, the retail price of the vehicle is $15840.
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https://brainly.com/question/11512294?
