A car dealership buys a car for $12,500. They sell the car for $15,750. What is the percent markup?
2 answers:
Answer: 26
Step-by-step explanation:
12,500 - 15,750= 3250
Answer: 26%
Step-by-step explanation:
The formula to calculate the percentage markup is given as:
= Selling price - Cost / Cost price × 100
where selling price = $15750
Cost price = $12500
Percentage markup = ($15750 - $12500) / $12500 × 100
= $3250/$12500 × 100
= 26%
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