A customer just paid $318 for a Blu-ray player. If the cost was 60% of selling price what was the mark up amount?

Question

asked Jul 5, 2024 7.6k views

1 Answer

Dimuch · Answer 1 · 2024-07-09T01:05:50+0000

Answer:

$127.20

Explanation:

You want the markup if the cost was 60% of the $318 selling price.

The markup is the difference between the selling price and the cost:

markup = selling price - cost

markup = 318 - 0.60×318 = 0.40×318 = 127.20

The markup amount was $127.20.

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Additional comment

The cost was $190.80.

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