Question
A Honda Element with a dealer invoice price of $19,700 was retail priced at $23,000. How much is the approximate percent markup based on selling price?
Asked by: USER9632
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151 Answers
Answer (151)
16.75% mark up.
To find this, minus the difference....
23,000 - 19,700 = 3,300..
then divide by the first cost...
23,000 ÷ 3,300 = 0.1675
now multiply that by 100...
0.1675 x 100 = 16.75%
To find this, minus the difference....
23,000 - 19,700 = 3,300..
then divide by the first cost...
23,000 ÷ 3,300 = 0.1675
now multiply that by 100...
0.1675 x 100 = 16.75%