Question

A car costs 20,000 dollars to produce, and is sold at 35,000 dollars. What is the markup?

Answer 1

The markup percentage is 43%.

Explanation:

The equation to find the markup cost is

selling price - cost / selling price x 100

Lets fill it in! This turns into

35,000 - 20,000 / 35,000 x 100

first we subtract 20,000 from 35,000, giving us 15,000

then, we divide 15,000 by 35,000 which equals 0.4285

ROUND!!! which brings us to 0.43

0.43 x 100 = 43%

I hope this helps!!!!!!!