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?

1 Answer
Nov 15, 2016

Answer:

#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.