117k views
4 votes
The selling price of an item is $ 650 it is marked down by 10% , but this sale price is still marked up from the cost of $ 450. what is the mark up from cost to sale price.

User Galik
by
7.9k points

1 Answer

4 votes

Answer: 30% or $ 135.


Step-by-step explanation


The mark up is generally expressed as a percentage. It is the percent increase on the cost.


We can calculate the mark up from cost to sale price of the item as a composition of steps. That is what the next steps show.


1) First step: calculate the the price after the item is marked down by 10%:

Selling price: $ 650

Mark down = 10% of 650 = 0.10 × $ 650 = $65

Price after mark down: $ 650 - $ 65 = $ 585.


2) Second step: difference of the price marked down to the cost:

$ 585 - $ 450 = $ 135


3) Calculate the percent mark up:

% mark up = (mark up / cost) × 100 = ($ 135 / $ 450) × 100 = 30%

User CasperOne
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories