Question

A television costs $399.00 and is sold in a retail store for $662.34. What is the percentage in mark up?

Answer 1

Given that the cost price (C) is $399 and the selling price (S) of the television is $662.34,

It is asked to find that by how much percentage is the television price marked up.

This can be calculated as follows,

`\begin{gathered} \text{Mark up}=(S-C)/(C)*100 \\ \text{Mark up}=(662.34-399)/(399)*100 \\ \text{Mark up}=(263.34)/(399)*100 \\ \text{Mark up}=0.66*100 \\ \text{Mark up}=66 \end{gathered}`

Thus, the mark up is 66%.