Question

A store pays $70 for a bicycle from a manufacturer. The store's markup rate is 65%.

Find the markup.

Answer 1

$45.5 or the price is $115.50

Explanation:

Write 65% as

65/100

Since, finding the fraction of a number is same as multiplying the fraction with the number, we have

65/100 of 70 = ? = 65/100 × 70 = ?

Therefore, the answer is 45.5

Answer 2

$115.50. You do 70(1.65) to find the markup