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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? show your work.

User Steve Ham
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The formula to find markup amount


(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 =
(Change in price )/(original price)

=
(3370 )/(18780)

= 0.179446

Markup percentage = 0.179446 * 100 = 17.94%

User Ribena
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