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A jewelry store sells a necklace at $365 that was original purchased at $240, what is the markup? Round your answer to the nearest whole percent.

User Andrew Hows
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1 Answer

27 votes
27 votes

We are given a selling price of $365 and a purchase cost of $240, we are asked to find the markup. The formula for calculating the mark up is the following:


\text{markup}=\frac{sale\text{ price-cost}}{\cos t}

we have that the sale price is 365 and the cost is 240. Replacing in the formula:


\text{markup}=(365-240)/(240)

solving the operations we get:


\text{markup}=(125)/(240)=0.52

This can be expressed as a percentage like this:


\text{markup}=52\text{ percent}

the markup is 52%

User BenevolentDeity
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