Question

The selling price of an item is ​$660. It is marked down by 30​%, but this sale price is still marked up from the cost of ​$420. Find the markup from cost to sale price.

Answer 1

$42 or 10%

Explanation:

Market is also known as price spread, It is the difference between the cost and the price of a product or service. Markup is added into the cost to calculate the price of product or service. It is return to the producer or service provider on production of goods or provision of services.

Marked Down value = $660 x 70% / 100% = $462

Difference between current price and Market down price = $462 - $420 = 42

Markup = 42 x 100 / 420 = 10%

Answer 2

$42

Explanation:

We must calculate the value of the discount percentage, that is, 30% of 660, like this:

660 * 30% = 198

Now we must subtract that value from the sale price, like this:

660 - 198 = 462

In other words, the surcharge would be:

462 - 420 = 42

The surcharge value would be $ 42