a car salesman purchased a car at an auction for $8,550. he will re-sell the car at a markup of $11,970. what is the percent increase of the markup?

Question

Mathematics

Braeden

12 June, 13:17

a car salesman purchased a car at an auction for $8,550. he will re-sell the car at a markup of $11,970. what is the percent increase of the markup?

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Answers (1)

Know the Answer?

Malik Fields · Answer 1

40%

Step-by-step explanation:

You subtract 11,970-8,550 = 3,420 to isolate the increase.

Divide 3,420/8,550 =.4 to get the percent increase of the markup.

The answer is. 4 or 40% (they are equivalent)

You can check my work by multiplying 8,550 *.4 = 3,420

This answer is the percent of 8,550 that it increased (40% of 8,550) so make sure that is what the question is asking. If it is then it's your answer.