Question

1 clothing store sells a variety of winter coats. The store pays $50 for a certain parka nd then marks it up to $65. What percent is the markup?

Answer 1

The percent markup on the parka is calculated by taking the difference between the selling price and the cost price, divided by the cost price, then multiplied by 100%. With a selling price of $65 and a cost price of $50, the markup percentage is 30%.

Step-by-step explanation:

To calculate the percent markup, we need to find the difference between the selling price and the cost price, and then divide it by the cost price and multiply by 100.

Selling Price - Cost Price = Markup

Selling Price - $65

Cost Price - $50

Markup - $65 - $50 = $15

Markup percentage = (Markup / Cost Price) x 100

Markup percentage = ($15 / $50) x 100

Markup percentage = 30%

The markup percentage for the parka is 30%.