Question

Find the percent markup. Cost of a microphone $99.50, selling price 124.38

Answer 1

Let's begin by listing out the information given to us:

Percent markup (m) = ?, Cost (c) = $99.50, Selling price (p) = $124.38​

The formula for percent markup is given by:

`\begin{gathered} \text{\% }Markup=(SellingPrice-Cost)/(Cost)\cdot100\text{ \%} \\ m=(p-c)/(c)\cdot100\text{ \%}=(124.38-99.50)/(99.50)\cdot100\text{ \%} \\ m=25.005\text{\%}=\text{ }25\text{ \%} \\ m=25\text{ \%} \end{gathered}`

The percent markup is 25%