Question

A new car has a sticker price of $20,950, while the invoice price paid on it was $17,750. What is the percentage markup?

A. 19.5%
B. 12.4%
C. 18.02%
D. 11.2%

Answer 1

C. 18.02 - Apex













Your welcome

Answer 2

we are given

sticker price is $20,950

invoice price is $17,750

mark up price = sticker price - invoice price

mark up price = 20950-17750

mark up price = 3200

% mark up = [( mark up price)/(invoice price) ]*100

now, we can plug values

and we get

`=(3200)/(17750) *100`

`=18.028` %

so, option-C.....................Answer