Question

A new car has a sticker price of $26,450, while the invoice price paid on it was $20,450. What is the percentage markup?

a.10%
b.29.3%
c.13.36%
d.11.36%

Answer 1

b. 29.3%

Explanation:

AP3X

Answer 2

Answer: The correct answer is Choice C 29.3%.

To find the percent change, we place the amount of change over the original amount.

The change is: 26450 - 20450 = 6000

Now, we can write our fraction and change it to a percent.

6000 / 20450 x 100 = 29.3%