A radio that costs $20.40 was marked up by 35% What was the markup and selling price? Sorry I don’t get it

Estebanpdl asked Feb 15, 2022

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44 votes

A radio that costs $20.40 was marked up by 35%

What was the markup and selling price? Sorry I don’t get it

Estebanpdl asked Feb 15, 2022

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17 votes

Answer:

25%

Explanation:

For example, if a product sells for $125 and costs $100, the additional price increase is ($125 – $100) / $100) x 100 = 25%.

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