Answer:
B) $480
Step-by-step explanation:
We have been given that a car seller buys a car from a manufacturer for $8,000. He increases the cost by 6 percent. We are asked to find the markup value.
We know that markup is original cost times markup percentage. So markup value for the car would be :
[tex]\text{Mark-up value of car}=\$8,000\times \frac{6}{100}[/tex]
[tex]\text{Mark-up value of car}=\$80\times 6[/tex]
[tex]\text{Mark-up value of car}=\$480[/tex]
Therefore, the mark-up value for the car is $480 and option B is the correct choice.
