Question

8. Solve:
The cd player costs $45 and is sells for $69. Find the mark up rate.

Answer 1

53.3333333+ %

In 3 decimal places (if you prefer):

53.333 %

Explanation:

mark up rate = gross profit/ cost (expressed as a percentage)

gross profit = sale price - cost

mark up rate = (69-45)/45 *100

=24/45 * 100

= 53.333%

Answer 2

53.33%

Explanation:

Hello!

First, let's find out how much the cost went up:

• 69 - 45
• 24

The cost went up by 24 dollars. To find the markup, we have to see what percentage of 45 is 24.

• 24/45 * 100
• 0.5333... * 100
• 53.33 %

The markup is 53.33 percent.