A car dealer buys a car for $16000. The car dealer wants to make a profit so they mark up the cost of the car by 2/5. What price do they try and sell the car for.

A Car dealer buys a car for $16000. The car dealer wants to make a profit so they mark up the cost of the car by 2/5. What price do they try and sell the car for.
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⅕ of $16000 is $3200 so ⅖ is $6400 making the price $22400.

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