Question

A sporting goods store sells new and used boats. The markup on the boats is 75%.The buying price of the boat is $1,000.What is the markup of the boat?

Answer 1

Since the markup on the boats is 75%, then the value would be:

75/100 * (Buying price of the boat)

75/100*(1,000) (Replacing)

750 (Multiplying)

The answer is $750.