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A merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?

A merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?
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A merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?

User Dhrumil Bhankhar
by
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1 Answer

2 votes
Since he sold it for $75 more,

% Mark Up = Mark Up/ Cost Price * 100%

% Mark Up = 75 / 125 * 100%

= 0.6 * 100% = 60%

Percent Mark Up = 60%.

Hope this explains it.

User Orlox
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