Question

Wholesale price is 187.14 retail price is 247.02 what is the markup in dollars?

Answer 1

In order to calculate the markup in dollars, we can use the formula below:

`markup=selling\text{ }price-cost`

So, using a selling price of 247.02 and a cost of 187.14, we have:

`markup=247.02-187.14=59.88`

Therefore the markup is $59.88.