Question

98) Cost to store: $145Markup: _?Selling price:$319.

Answer 1

Answer: Mark up is 220%

Cost to store : $145

selling price = $319

let x = mark up

Using the below equation

`\begin{gathered} \text{Part = whole x percentage} \\ \text{part = selling price} \\ \cos t\text{ to store = whole} \\ \text{Mark up = percentage} \\ 319\text{ = 145 }\cdot\text{ x\%} \\ \text{ x\% = }(319)/(145)\text{ x 100\%} \\ x\text{ = 2.2 x 100\%} \\ x\text{ = 220\%} \\ \text{Therefore, the mark up is 220\%} \end{gathered}`