Question

A new car has a sticker price of $24,750, while the invoice price paid on it was $21,950. What is the dollar amount of markup?

Answer 1

24,750−21,950=2,800
............

Answer 2

The amount of markup is $ 2,800.

Explanation:

We know that,

Markup = Sticker price - Invoice price

Given,

Sticker price of the car = $ 24,750,

Invoice price of the car= $ 21,950,

Thus, Markup in the price of the car = $ 24,750 - $ 21,950 = $ 2,800

Hence, The amount of markup in the car is $ 2,800.