The dealership bought a used car for $3,200 and sold the car for $8,950. What percentage was the mark-up?

Answer 1

3200 + markup = 8950

3200 + x = 8950

x = 8950- 3200 = 5750

5750/3200 = 575/320 = 115/64 = 1.796875 = about 1.8

= about 180% markup

or more precisely 179.875%

= 179 7/8 % markup

1.8 times $3200 = 5760 markup

5760+3200 = 8960 which is close to 8950,

a little off due to rounding approximations