select the correct answer. a car seller buys a car from a manufacturer for $10,000. he increases the cost by…

select the correct answer. a car seller buys a car from a manufacturer for $10,000. he increases the cost by 5 percent. what is the markup amount? markup = original cost × percentage markup a. $500 b. $10,500 c. $15,000

select the correct answer. a car seller buys a car from a manufacturer for $10,000. he increases the cost by 5 percent. what is the markup amount? markup = original cost × percentage markup a. $500 b. $10,500 c. $15,000

Answer

Explanation:

Step1: Identify values

Original cost = $10000$, Percentage markup = 5% = 0.05

Step2: Calculate markup

Markup = $10000\times0.05$ = 500

Answer:

A. $500$