Answer :

petegaffney
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.
Hekady

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

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