Question

A new car has a sticker price of $25,550, while the invoice price paid on it was $19.990 What is the percent amount of markup?

Answer 1

21.8%

Explanation:

5560/25,550= 0.2176

which rounds up to

21.8%

Answer 2

21.7%

Explanation:

(25,550-19,990) / 25,550 = 5,560/25,550 = 0.217612524462 or 21.7% increase