Question

The price of a pair of jeans was $45 after a 50% markup. What was the price of the jeans before the markup?

Answer 1

$30

Explanation:

Mark up is the profit on cost. if the pair of jeans was $45 after a 50% markup

Let the price of the jeans before the markup be p then;

p + 50%p = 45

1.5p =45

p = 45/1.5

p = 30

The price before mark up was $30, while the mark up or profit is $15. This shows 50% of the price before mark up.