Question

HELP THIS IS MY LAST PROBLEM

A store bought a set of speakers for $82.86
and sold it for $195.82. What was the markup percentage? Round your answer to the nearest tenth.

Answer 1

136.3%

Explanation:

You want the markup percentage that takes a cost price of $82.86 to a selling price of $195.82.

Markup

The markup percentage p relates the cost price and selling price by ...

selling price = cost price × (1 +p)

Then the value of p can be found as ...

p = (selling price)/(cost price) -1

p = 195.82/82.86 -1 ≈ 1.3633 = 136.3%

The markup percentage was about 136.3%.

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