Register

If a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

If a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?
asked 219k views
3 votes
if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

asked
User Kaskasi
by
8.1k points

1 Answer

4 votes
Given:
Selling price = 6.99
Cost = 4

The dollar markup is computed by deducting the cost from the selling price.

6.99 - 4 = 2.99 is the dollar mark-up based on cost.

2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.

answered
User Jonathan Ginsburg
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!