The selling price of an item is $720. 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. Please help!

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David Goldfarb asked Mar 19, 2023

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The selling price of an item is $720. 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. Please help!

Mathematics
high-school

David Goldfarb asked Mar 19, 2023

by David Goldfarb

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24 votes

Answer:

20%

Explanation:

old selling price = $720

new selling price = 720 x (1 - 30%) = 720 x 70% = $504

cost = $420

markup = (504 - 420)/ 420 = 84/420 = 20%

Mathiyazhagan answered Mar 23, 2023

by Mathiyazhagan

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