Question

For a particular pickup truck the percent markup is known to be 115% based on cost to the seller. If the seller paid $15,800 for the truck, what would be the percent markup be based on the sale price? (Round to the nearest tenth percent)

Answer 1

115%(15,800)= $18,170. <--- markup price

$15,800+$18,170= $33,970 total price

That is 115% x $15,800 = $18,170 markup price

Then add the original price to the markup price

That is $15,800 + $18,170 = $33,970