Question

Michael bought a classic car for $8,500. He restored it then added 150% markup before advertising it for sale. What is the amount of markup? is it 21250? or I'm I wrong thank you

Answer 1

$12750

Explanation:

Initial price = $8500

Markup = 150%

Markup amount:

• $8500*1.5 = $12750

Selling price would be:

• $8500 + $12750 = $21250