Question

A store pays $75 for a phone. The customer pays $112.50 for the phone. What percent mark up was put on the phone?

Answer 1

50% increase

Explanation:

Firstly, I would do 112.50 - 75 = 37.5

This is an easy question, because we can quickly realise that half of 75 (75 divided by 2) is 37.5.

Because we know that 1/2 = 50% we can say that there was a 50% increase (or mark up) on the phone.

Hope this makes sense! If you have any further questions, let me know.

- profparis

Answer 2

50% markup

Explanation:

112.5-75=37.5

Since you know it is a $37.5 increase, you need to calculate how much of 75 is 37.5

37.5 is HALF of 75, so it was a 50% markup