Question

Find the percent of markup for $40 marked up to $59.75. Round to the nearest percent.

Answer 1

49%

Explanation:

Markup is the difference between the selling price and the cost divided by the cost times 100%

Cost = 40

Selling = 59.75

% = (59.75 - 40)/40 * 100%

% = (19.75 / 40) * 100%

% = 49%