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A honda element with a dealer invoice price is $19,700 was retail price at $23,000. How much is the approximate percent markup based on selling price?

A honda element with a dealer invoice price is $19,700 was retail price at $23,000. How much is the approximate percent markup based on selling price?
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a honda element with a dealer invoice price is $19,700 was retail price at $23,000. How much is the approximate percent markup based on selling price?

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User Tomasz Bawor
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1 Answer

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17% of 19,700 = 3349.  So if you add 3349 to 19,700 you get 23,049. So it sounds like it's around a 16-17% markup. 
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User Subchap
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