Question

A sport store pays its wholesaler $40 for a baseball bat, and then sells it to a customer for $76. What is the markup rate?​

Answer 1

Markup 90%

Explanation:

If $40 is 100% of the price

then

$76 is ..........x

Cross multiplication

40(x) = 76(100)

40x = 7600

Divide by 100

x = 190

190% = 100% + 90%

That means that the price is the whole price(100%) plus 90%

so the markup is 90%

ANOTHER WAY:

The difference in prices is $76-$40=$36. So, we need to find what percentage of 40 is 36.

We do this by dividing: 36/40=0.9, which is 90%. So, the markup is 90%.