2 Answers

Praytic · Answer 1 · 2019-04-15T02:31:08+0000

Answer:

The markup percentage is 11.73%.

Explanation:

Given,

The sticker price of car = $20,950,

While, the invoice price of car = $18,750

$\text{ Markup percentage}=\frac{\text{The sticker price of car - the invoice price of car }}{\text{The invoice price of car }}$

=(20,950-18,750)/(18,750)* 100

=(220000)/(18,750)

$=11.7333\% \approx 11.73\%$

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