Question

Markups

1 A popular gaming console that retails for $299,
was sold out for quite some time. Jake finally
found it on a resale platform, but it was marked
un 40%.
point
mould he used to find the price of

Answer 1

299 ×40%=119.6

so the final price is 299+119.6=418.6

Answer 2

418.6

Explanation:

you set the price to equal 300 dollars, so marking up 40% would equal taking 300 x 1.4

this equals 420, however you need to substract 1.4 because you rounded 299 to 300 giving 418.6