Question

The selling price of an item is ​$585. It is marked down by ​%20, but this sale price is still marked up from the cost of ​$360. Find the markup from cost to sale price.

Answer 1

$108

Explanation:

The selling price being marked down by 20% means that $585 was reduced by 20%

Selling price = $585 - ( 20% x $585)

$585 - (0.2 x $585) = $468

Markup from cost = selling price - cost price

$468 - $360 = $108