Question

Given a Selling Price of $153.60 and a Cost of $68.98 find the Markup

Answer 1

Markup = 122.67%

Step-by-step explanation

Given:

`\begin{gathered} \text{Selling price }=153.60 \\ \text{Cost price }=68.98 \end{gathered}`

The formula for markup is given by

`\text{Markup }=\frac{\text{Selling price - Cost price}}{Cost\text{ price}}*100`

Hence the markup would be

`\begin{gathered} \text{Markup }=(153.60-68.98)/(68.98)*100 \\ \text{Markup }=(84.62)/(68.98)*100 \\ \text{Markup }=122.67\% \end{gathered}`