F&G Equipment sold a new tractor for $120,650. F&G’s markup on the cost is 3.3 percent to cover expenses and 0.95 percent for profit. Clay traded a tractor in on the new tractor. F&G E
a. What is the selling price of the new tractor?
b. How much profit is F&G making?
c. How much did Clay pay for the tractor after the trade-in?
d. What would F&G need to sell Clay’s tractor for to receive 3.3 percent for selling expenses?
a. $125,777.63
b. $1,146.18
c. $110,777.63
d. $15,495.00
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