Question

A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?​

Answer 1

markup 75%

Explanation:

The difference in prices is $70-$40=$30.

So, we need to find what percentage of 40 is 30. We do this by dividing: 30/40=0.75, which is 75%. So, the markup is 75%.