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?

Nov 15, 2016

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.