A calculator was purchased for $29. The wholesale cost was $20. What was the percent markup?

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asked Nov 4, 2017 87.2k views

1 Answer

Akhil M · Answer 1 · 2017-11-09T03:31:20+0000

If you would like to find the percent markup, you can calculate this using the following steps:

x% of $20 is $29
x% * 20 = 29
x/100 * 20 = 29
x = 29 * 100 / 20
x = 145%

145% - 100% = 45%

The correct result would be 45%.

A calculator was purchased for $29. The wholesale cost was $20. What was the percent markup?

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