Question

The selling price of an item is ​$440. It is marked down by ​20%, but this sale price is still marked up from the cost of ​$320. Find the markup from cost to sale price.

Answer 1

To find the markup from cost to sale price, calculate the original price and subtract the cost. The markup from cost to sale price is $120.

Step-by-step explanation:

To find the markup from cost to sale price, we need to calculate the original price and the sale price. We know that the item was originally marked up from the cost of $320. Since the sale price is $440, we can calculate the original price by reversing the 20% markdown.

Step 1: Calculate the original price:

• Original Price = Sale Price / (1 - Markdown)
• Original Price = $440 / (1 - 0.20)
• Original Price = $440 / 0.80
• Original Price = $550

Step 2: Calculate the markup from cost to sale price:

• Markup = Sale Price - Cost
• Markup = $440 - $320
• Markup = $120

Therefore, the markup from cost to sale price is $120.

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