Question

Alibaba purchases flat-screen computer monitors from H.P. for $275.59 and sells them for $449.99. What is the percent markup based on cost?

Answer 1

So, firstly let us take a look at the formula below;

Markup%= selling price- cost/cost*100

We are going to proceed from the formula above.

●Selling price= $ 449.99

●Cost price= $ 275.59

Step 1

$ 449.99- $ 275.59= % 224.40

Step 2

$ 224.40/ $ 275.59*100= 81.4253057078

82% if was to be rounded.

ANS= 82%