Question

the selling price of an item is $585 it is marked down by 20% but the sale price is still marked up from the cost of $360 find the markup from cost to sale price.

Answer 1

Since the selling price of $585 is marked down by 20%, then, the sale price is

`\begin{gathered} 585-585(0.20)= \\ 585(1-0.20)= \\ 585(0.8) \end{gathered}`

which is equal to $468.

Now, the cost is $360, then the markup is

`468-360`

which is equal to $108. Then, answer is $108.