Question

A merchant buys a television for $125 and sells it for $75 more. what is the percent markup??

Answer 1

The markup of

$

75

is a

60

%

increase.

Step-by-step explanation:

To calculate any percent change (which is what I assume you are asking here?), the method is:

%

change

=

amount of change

original amount

×

100

%

The actual mark up from

$

125

→

$

200

is simply the difference:

Markup =

$

200

−

$

125

=

$

75

the percent markup is :

75

125

×

100

%

=

60

%

Answer 2

A merchant buys a television for $125 and sells it for $75 more. The percent markup is 60 %

Solution:

Given that the merchant buys a television for $125 . Hence cost price of television = 125

Also given that the merchant sells the television for 75$ more .

Hence we can say mark up price = 75.

Percent markup is given as,

`\bold{\text { Percent markup }=\frac{\text { markup price }}{\text { cost price }} * 100}`

`= (75)/(125) * 100`

`= 0.6 * 100 = 60`

Hence the percent markup when the merchant sells television for 75$ more is 60%