Question

Given a Selling Price of $153.60 and a Cost of $67.98 find the Markup price.

Answer 1

The markup is given as;

`\begin{gathered} SP-CP \\ \text{Where SP=selling price, CP= cost price} \end{gathered}`

Given that;

`\begin{gathered} SP=\text{ \$153.60,} \\ CP=\text{ \$67.98} \end{gathered}`

Thus,

`\begin{gathered} Markup\text{ price = }153.60-67.98 \\ Markup\text{ price = \$85.62} \\ \\ \end{gathered}`