Assume that each circle shown below represents one unit. Express the shaded amount as a single fraction and as a mixed number.
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The formula to find markup amount
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 =
=
= 0.179446
Markup percentage = 0.179446 * 100 = 17.94%