17etorralba 17etorralba
  • 11-01-2018
  • Mathematics
contestada

A new car has a sticker price of $20,950, while the invoice price paid was $18,750. What is the percentage markup?

Respuesta :

kwpleaderijfjakj
kwpleaderijfjakj kwpleaderijfjakj
  • 11-01-2018
about 12% (rounded up)
Answer Link
parmesanchilliwack parmesanchilliwack
  • 06-05-2019

Answer:

The markup percentage is 11.73%.

Step-by-step explanation:

Given,

The sticker price of car = $20,950,

While, the invoice price of car = $18,750

[tex]\text{ Markup percentage}=\frac{\text{The sticker price of car - the invoice price of car }}{\text{The invoice price of car }}[/tex]

[tex]=\frac{20,950-18,750}{18,750}\times 100[/tex]

[tex]=\frac{220000}{18,750}[/tex]

[tex]=11.7333\% \approx 11.73\%[/tex]

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