Question

Fantasy n fun sells gaming cards for 9.99 but they pay only 6.75 per card. What is the original percent markup

Answer 1

48%

Explanation:

Data provided in the question:

Selling price of the gaming card = 9.99

Amount paid for the card i.e purchasing cost = 6.75

Now,

The markup percentage is calculated as:

Markup =
`\frac{\textup{Selling cost - Purchasing cost}}{\textup{Purchasing cost}}*100\%`

or

Markup =
`\frac{\textup{9.99 - 6.75}}{\textup{6.75}}*100\%`

or

Markup =
`\frac{\textup{3.24}}{\textup{6.75}}*100\%`

or

Markup = 0.48 × 100% = 48%