Question

A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.What is the markup value?

markup = original cost x percentage markup

Answer 1

the markup cost is 475 dollars!

Hope this helps!
♤MidnightQueen

Answer 2

Answer: $475

Explanation:

Given : A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.

i.e. The original cost of item = $9,500

Mark up percentage = 5% = 0.05

The formula given to find the mark up value is :_

`\text{Mark up}=\text{Original cost * percentage mark up}\\\\\Rightarrow\ \text{Mark up}=9500*0.05=\$475`

Hence, the mark up value = $475