Question

Jane Westerlund owns a small retail picture frame store in a local strip mall. She just bought 10 picture frames from a promising woodworker for $36 each. Based on market conditions, she will sell these for $100 each. What is her markup in dollar terms?

Answer 1

The markup in the price would be $ 64

Step-by-step explanation:

We have given,

The original price of each wooden frame = $36,

While,

The marked up price of each wooden frame = $ 100,

Therefore,

Markup in the price = marked up price of wooden frame - original price of wooden frame

`= 100 - 36`

`= \$ 64`