Question

A computer store purchased a computer system for $465. It sales the computer for $776. What is the percent markup?

Answer 1

We will determine the percent markup as follows:

`776-465=311`

They increased by $311, now we determine the percentage that 311 represents:

`x=(311\cdot100)/(465)\Rightarrow x=(6220)/(93)\Rightarrow x\approx66.9`

From this, we have that the percent markup was about 66.9%.