Question

Johnson Canniver has a repair shop. He bought a used lawn mower for $35.00 from a customer. He spent $39.17 on parts to repair the mower. He also painted and polished the mower at a cost of $36.43. He was able to sell the refurbished lawn mower for $155.00. What was Johnson's markup on the lawn mower to the nearest cent?

Answer 1

$44.40

Explanation:

Markup is the difference between the sell price and the cost of building

1) Find total cost of building the lawn mower: $35 + $39.17 + $36.43 = $110.6

2) Subtract the total cost from the sell price: $155.00 - $110.6 = $44.40

Answer 2

$44.40

Explanation:

Markup is the difference between the sell price and the cost of building

1) Find total cost of building the lawn mower: $35 + $39.17 + $36.43 = $110.6

2) Subtract the total cost from the sell price: $155.00 - $110.6 = $44.40