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U-Frame-It-Today is selling small picture frames for $9.20. Each small frame actually cost the store $4.00 before being marked up to $9.20. What is the percent of markup on each…

U-Frame-It-Today is selling small picture frames for $9.20. Each small frame actually cost the store $4.00 before being marked up to $9.20. What is the percent of markup on each…
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U-Frame-It-Today is selling small picture frames for $9.20. Each small frame actually cost the store $4.00 before being marked up to $9.20. What is the percent of markup on each frame

User Boortmans
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1 Answer

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To calculate the percent markup, you will divide the increase in price by the original price.

$9.20-$4.00=$5.20

$5.20/$4 = 1.3

1.3 = 130% markup for each frame.
User Brad Mace
by
7.8k points
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