SOLUTION: A new car costs $16,250 from the manufacturer. The dealership sells the car for $23,000. What is the percent markup at the dealership?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A new car costs $16,250 from the manufacturer. The dealership sells the car for $23,000. What is the percent markup at the dealership?      Log On


   

Question 808628: A new car costs $16,250 from the manufacturer. The dealership sells the car for $23,000. What is the percent markup at the dealership?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
$23,000 - $16,250
=$6750
$6750/$16,250 * 100
= 41.5%
Markup = 141.5%
Hope this helps
:-)