Question

A store pays $275 for a table and marks the price up by 50%. What is the amount of the mark-up ?

Answer 1

$412.50 is your answer

Answer 2

$387.50

Explanation:

You can get the answer 2 different ways. First you could take $275/2 = $137.50

Or

$275*0.50 = 137.50

add $275+137.50 =$387.50