A new car has a sticker price of $22,150, while the invoice price paid on it was $18,780. what is the percent amount of markup?

Question

3 years ago

12

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2 answers:

Step2247 [10] · Answer 1 · 2022-05-19T18:35:09+03:00

6 0

Answer: the answer is 17.94% APEX

Dmitrij [34] · Answer 2 · 2022-05-19T17:05:15+03:00

The formula to find markup amount

$\frac{Change in price }{original price}$

A new car has a sticker price of $22,150, while the invoice price paid on it was $18,780.

Original price of new car = $18,780

Sticker price of new car = 22,150

Change in price = 22,150 - 18,780 = 3370

Markup = $\frac{Change in price }{original price}$

= $\frac{3370 }{18780}$

= 0.179446

Markup percentage = 0.179446 * 100 = 17.94%