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A car dealership buys a car for $12,500. They sell the car for $15,750. What is the percent markup?

User Mitya
by
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2 Answers

9 votes

Answer: 26

Step-by-step explanation:

12,500 - 15,750= 3250

User Adasa
by
8.2k points
10 votes

Answer: 26%

Explanation:

The formula to calculate the percentage markup is given as:

= Selling price - Cost / Cost price × 100

where selling price = $15750

Cost price = $12500

Percentage markup = ($15750 - $12500) / $12500 × 100

= $3250/$12500 × 100

= 26%

User Topxebec
by
8.1k points

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