Question

. A tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144. What is the markup rate?

Answer 1

Formula : Amount of change / Original amount

1. 144 - 90/ 144

2. Subtract 144 and 90

3. 54/ 144

4. Divide 54 by 144

5 0.375

6 Move the decimal two places to the right.

7. 37.5 %

Answer: 37.5% is the markup rate