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Noah wants to buy a purebed golden retriever puppy that he sees for $499.By the time he goes to buy it, the price has increased to $599. Find the percent markup in the price of the puppy.

Noah wants to buy a purebed golden retriever puppy that he sees for $499.By the time-example-1
User Pbnelson
by
8.1k points

2 Answers

4 votes
499 - 100%
599 - x

x = 599*100/499 = 120.04
x-100% = 120.04-100 = 20.04

Answer: The price increased by 20%.

User Will Oldham
by
8.3k points
2 votes

Answer: 20.04%


Explanation:

Given: The current price of a purebed golden retriever puppy =$499

By, the time the new price price of a purebed golden retriever puppy = $599

The percent price mark up =
(New\ price-current\ price)/(current\ price)*100

∴ the percent mark up=
(599-499)/(499)*100


=(100)/(499)*100=20.04\ %

Hence, the percent markup in the price of the puppy = 20.04%

User Hamid Mayeli
by
9.2k points
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