Question

A new car has a sticker price of $20,950, while the invoice price paid on it was $17,750. What is the percentage markup?

Answer 1

we are given

sticker price is $20,950

invoice price is $17,750

mark up price = sticker price - invoice price

mark up price = 20950-17750

mark up price = 3200

% mark up = [( mark up price)/(invoice price) ]*100

now, we can plug values

and we get

$=\frac{3200}{17750} *100$

$=18.028$ %

so, option-C.....................Answer

Answer 2

C. 18.02 - Apex













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