Question

A toy store’s percent of markup is 30%. A model train costs the store $50. Find the markup.$166.67$35$65$15

Answer 1

$15

Explanation:

30%= .3

50 * .3 = 15

Answer 2

Alright, lets get started.

The cost of model train = $ 50 (given in question)

markup percentage is given = 30 %

Markup price is asked.

The formula for markup price = cost + cost * markup percent

Hence , the markup price = 50 + 50 * 30%

The markup price = 50 + 50 * 0.3

The markup price = 50 + 15

The markup price = 65 $ : Answer

Hope it will help :)