Question

Find the percent of markup for $40 marked up to $59.75. round to the nearest percent.

Answer 1

To find the mark up percentage, we have to use the following formula

`(change \ in \ cost )/(origional \ cost) * 100`

THe origional price is $ 40 and marked up price is $ 59.75.

So the required percentage is

`= (59.75-40)/(40)*100 = 49.375%`

So it is approx 49% .