Question

A new car has a sticker price of $27,950, while the invoice price paid on it was $21,450. What is the percentage markup?

Answer 1

`30.3%`

Explanation:

To find the percent mark up, find the amount of the mark up first:

From `$21,450 to $27,950` is an increase of `$6,500`

To find the percent mark up:

`"change"/"original amount" xx 100%`

`6500/21450 xx 100%`

=`30.3%` mark up in price.