Question

Joshua buys tablets for $125. He marks them up to 35% to sell to his customers. What is the amount of mark-up?

Answer 1

The markup price of tablets is $168.75

Explanation:

Given as :

The cost price of tablets = c.p = $125

The markup percentage = m = 35%

Let The markup amount = s.p

According to question

markup percentage =
`(\textr markup amount - cost price)/(cost price)`

Or, m% =
`(s.p - c.p)/(c.p)`

Or, 35% =
`(s.p-125)/(125)`

Or, 125 ×
`(35)/(100)` = s.p -125

Or, 125 × .35 + 125 = s.p

Or, s.p = 125 + 43.75

i.e s.p = $168.75

So, The markup price of tablets = s.p = $168.75

Hence, The markup price of tablets is $168.75 Answer