Question

if the store purchased a kitchen appliance for $42 and sold it for $58.80, what was the percent markup?

Answer 1

40%

Explanation:

Percent markup = new price - original price/original price

Do the subtraction first.

58.80 - 42.00 = 16.80

Now do the division

16.8/42 = 0.40

Change the decimal to a percent by moving the decimal two place to the right.

0.40 = 40%