Final answer:
To calculate the percent markup, subtract the wholesale cost from the selling price to find the markup amount, then divide this by the wholesale cost and multiply by 100. The markup is $200 and the percent markup is approximately 44.44%.
Step-by-step explanation:
To find the percent markup from wholesale cost to selling price, you first need to calculate the amount of the markup. The markup is the difference between the selling price and the wholesale cost.
To calculate the markup:
Markup = Selling Price - Wholesale Cost
Markup = $650 - $450
Markup = $200
Next, to find the percent markup, divide the markup by the wholesale cost and then multiply by 100 to convert it to a percentage.
Percent Markup = (Markup × 100) / Wholesale Cost
Percent Markup = ($200 × 100) / $450
Percent Markup = 20000 / 450
Percent Markup = 44.44%
Therefore, the percent markup from wholesale cost to selling price is approximately 44.44%.