Question

A couch costs $279.80 and is sold in a retail store for $1,399.00. What is the percentage in mark up? * Write the numb

Answer 1

The markup is the amount increased, expressed as a percentage of the cost.

The markup is,

$1,399.00 - $279.80 = $1119.20

The markup expressed as a percentage will be found by dividing the markup amount by original amount. Then we multiply the answer by 100 and tag along a percentage sign.

Shown below:

`\begin{gathered} (1119.20)/(279.80)=4 \\ 4*100=400 \\ \end{gathered}`

Thus, the percentage markup is 400%.

Answer

400%