Question

The selling price of an item is $650 marked up from the wholesale cost of $450. Find the percent markup from wholesale cost to selling price.

Answer 1

To calculate the percent markup, the difference between the selling price and the wholesale cost is divided by the wholesale cost, and then multiplied by 100%; for the given item, the markup is approximately 44.44%.

Step-by-step explanation:

To find the percent markup from the wholesale cost to the selling price of an item, you can use the following formula:

Percent Markup = (Selling Price - Wholesale Cost) / Wholesale Cost × 100%

Given:

• 
  
• Wholesale Cost = $450
• 
  
• Selling Price = $650

Now let's calculate the percent markup:

Percent Markup = ($650 - $450) / $450 × 100%

Percent Markup = $200 / $450 × 100%

Percent Markup = 0.4444... × 100%

Percent Markup = 44.44%

Therefore, the item was marked up by approximately 44.44% from its wholesale cost to its selling price.

Answer 2

The markup percentage is 30.76 %

Step-by-step explanation:

Given as :

The selling price of an item = s.p = $650

The wholesale price of an item = w.p = $ 450

Let The markup percentage = d %

Now, According to question

d % =
`(\textrm selling price - \textrm whole sell price)/(\textrm whole sell price)`

Or, d =
`(\textrm s.p - \textrm w.p)/(\textrm w.p)` × 100

Or, d =
`((650-450)/(450))* 100`

Or, d =
`(200)/(650)` × 100

Or, d = 30.7 5

The markup percentage = d = 30.76 %

Hence The markup percentage is 30.76 % Answer