Question

A new car has a sticker price of 23950 while the invoice price paid on it was 19750what is tge percentage markup

Answer 1

So the original price paid for the car is 19,750, then it went up to 23,950, so pretty much 4,200 more, namely the markup.

if we take 19750 as the 100%, what is 4200 off of it as a percentage?

$\bf \begin{array}{ccll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 19750&100\\ 4200&x \end{array}\implies \cfrac{19750}{4200}=\cfrac{100}{x} \\\\\\ x=\cfrac{4200\cdot 100}{19750}\implies x\approx 21.26582$

Answer 2

Answer:

21.27 % ( approx )

Step-by-step explanation:

Given,

The sticker price of the car = 23950,

While, the actual price of the car = 19750,

Thus, the percentage of markup = $\frac{\text{Sticker price - Actual price}}{\text{Actual price}}\times 100$

$=\frac{23950-19750}{19750}\times 100$

$=\frac{4200}{19750}\times 100$

$=\frac{420000}{19750}$

$=21.2658227848\%$

$\approx 21.27\%$