Question

A new car has a sticker price of $27,950, while the invoice price paid on it was $21,450. What is the percentage markup?
A) 11.36%
B) 30.30%
C) 10%
D) 15.42%

Answer 1

@amistre64

Answer 2

@thesmartone

Answer 3

we want to start by knowing the difference between the prices

Answer 4

@amistre64 6,500

Answer 5

now we simple need to determine how much 6500 is when compared to invoice

6500/21450

multiply that by 100 to get it into a percentage.

Answer 6

if we estimate it

6 out of 20; or 30 out of 100

Answer 7

only one options is reasonably close to that

Answer 8

@amistre i got 0.003

Answer 9

@amistre64 i got 0.003

Answer 10

So i would say its B? @amistre64

Answer 11

B is fair yes