Question

A sporting goods store pays a wholesale price of $39.20 for a skateboard and sells it for $58.80. What is the percent markup?

Answer 1

answer : 50%

explanation : profit/ cost * 100%
(here’s another example) ⬇️

Profit is a difference between the revenue and the cost. For example, when you buy something for $80 and sell it for $100, your profit is $20. The ratio of profit ($20) to cost ($80) is 25%, so 25% is the markup.