A Car Dealership Marks Up All New Automobiles by 15

question 72

Multiple Choice

A car dealership marks up all new automobiles by 15%. What was the original wholesale cost of a car with a sticker price at this dealership of $22,500? Round your answer to the nearest cent.

• A) $19,565.22
• B) $25,875.00
• C) $3,375.00
• D) $18,700.00

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Definitions:

High Power Need

A psychological term describing a person's desire to exert control or influence over others.

McClelland

A reference to David McClelland, an American psychologist known for his work on motivation needs theory, including the needs for achievement, affiliation, and power.

Behavior Modification

The use of empirical and operant conditioning techniques to change or adjust unhealthy or undesirable behaviors.

Criticism

The practice of analyzing, judging, and/or evaluating something, often with the intention of revealing faults or areas of improvement.