Question

Question 3: A golf store purchases a set of clubs at a wholesale price of $250.

Mr. Edmond learned that the clubs were marked up 200% (markup rate).
3a: What is the retail price (selling price) of the clubs?
3b: How much is the store making off of each set of golf clubs sold (ie what is the
the markup amount in dollars)?

Answer 1

3a) $500

3b) $250

Explanation:

200% of 250 (250 x 2) is $500

500 - 250 = 250

Hope this helps!