Question

The Playstation 5 is in limited supply. Therefore people are re-selling their consoles for $750. The console has a retail price (original price) of $500. What is the percent markup from the retail price?

Answer 1

original is 500 and the resale is 750, do 750/500 to get a 1.5, that is the marup when changed to percentage it would be a 50% markup