A sofa costing $380.00 is sold for $553.66. Find the markup rate. Round to the nearest tenth of a percent.

Mehrdad Salimi asked Sep 7, 2023

286,564 views

21 votes

Mehrdad Salimi asked Sep 7, 2023

3.0k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

18 votes

The markup price is the difference between the selling price and the total cost. Then, we have that:

$M=553.66-380.00\rightarrow M=173.66$

If we round it to the nearest tenth, then we have M = $173.7

Bnqtoan answered Sep 13, 2023

3.3k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers