David Tang operates an automotive wrecking yard and he needs a ...

[captainjonesify]

David Tang operates an automotive wrecking yard and he needs a 4-ton chain hoist to move heavy car and truck parts. Tang can buy a used hoist for 3,840 from a dealer who paid 1,600 for it. Compute the markup percent based on cost.

Question 2

If the Mexican peso is listed under Currency Exchange Rates as 0.09248 in U.S. dollars, compute the amount in Mexican pesos one could purchase for 3,100 in U.S. currency.

[whitcassie]

Answer to Question 1

3,840 - 1,600 = 2,240 dollar markup;
2,240  1,600 = 1.4 = 140 markup percent based on cost

Answer to Question 2

33,520.76