Question

It's about time sells clocks for $23.10. The stores markup based on cost is 37.5%. What is the rate of mark up based on selling price?

Answer 1

31.76$

Explanation:

37.5% of 23.10 is 8.6625. 8.6625+23.10=31.7625. Since it is money, you round down to 31.76$, so the total cost is 31.76$ and the markup is 8.66$.