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B. The auto sales company ordered a car and paid $18,200, and sold it for $25,480. What percentage was the markup?

B. The auto sales company ordered a car and paid $18,200, and sold it for $25,480. What percentage was the markup?
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5 votes
B. The auto sales company ordered a car and paid $18,200, and sold it for

$25,480. What percentage was the markup?

User Feuda
by
8.3k points

1 Answer

4 votes
Markup=profit/cost*100%. $7,280/18,200*100%= 40% markup
User Effegi
by
8.3k points
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