A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?

Robert Durgin asked Jun 16, 2022

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Robert Durgin asked Jun 16, 2022

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25 votes

Answer:

markup 75%

Explanation:

The difference in prices is $70-$40=$30.

So, we need to find what percentage of 40 is 30. We do this by dividing: 30/40=0.75, which is 75%. So, the markup is 75%.

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