Question

Target sells skateboards for $35. To make a profit in the Spring and Summer months,

Target increases the price with a 42% markup. How much is the markup?

Answer 1

The markup is $14.70.

Answer 2

$14.7

Explanation:

To find the markup, you can use the following formula:

markup = (selling price - cost price) / cost price x 100

cost price = $35

selling price = $35 + markup

markup = (selling price - $35) / $35 x 100

Now you know that selling price = $35 + markup and markup = 42%, so you can use this information to find selling price:

markup = 42% = 0.42

selling price = $35 + $35*0.42 = $35+14.7 = $49.7

So the markup is $14.7