Question

A dealership pays $580 for each electronic unit and sells it for $940. What is the percent markup in the price of each unit

Answer 1

62.06%

Explanation:

Given that,

CP of an electronic unit = $580

SP of an electronic unit = $940

We need to find the percent markup in the price of each unit. It can be done as follows :

`\%=(940-580)/(580)* 100\\\\=62.06\%`

So, the required answer is 62.06%.