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2 years ago

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

Mathematics

2 answers:

stich3 [128]2 years ago

8 0

About 12% (rounded up)

earnstyle [38]2 years ago

6 0

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

$\text{ Markup percentage}=\frac{\text{The sticker price of car - the invoice price of car }}{\text{The invoice price of car }}$

$=\frac{20,950-18,750}{18,750}\times 100$

$=\frac{220000}{18,750}$

$=11.7333\% \approx 11.73\%$

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