Respuesta :
Answer:
The markup percentage is 11.73%.
Step-by-step explanation:
Given,
The sticker price of car = $20,950,
While, the invoice price of car = $18,750
[tex]\text{ Markup percentage}=\frac{\text{The sticker price of car - the invoice price of car }}{\text{The invoice price of car }}[/tex]
[tex]=\frac{20,950-18,750}{18,750}\times 100[/tex]
[tex]=\frac{220000}{18,750}[/tex]
[tex]=11.7333\% \approx 11.73\%[/tex]