Question

The owner of a small store buys coats for 50.00​$ each. Answer parts a and b.sells the coats for ​$ each. he sells the coats for 70.00 each What percent of the purchase price is the sale​ price?

Answer 1

40% profit

140% markup

Explanation:

I'm not sure if it's asking what is the markup, or how much you are making.

But profit

$20 out of 50 = 0.40

Markup

70/50 = 1.4 -> 140% markup