Question

A notebook that costs $0.75 to make in the factory is sold for $1.35.

a) Calculate the amount that the notebook price is marked up.

b) Calculate the percent markup

Answer 1

a) price markup $0.60

b) percent marked up 180%

Explanation:

Amount marked up:

1.35 - 0.75 = $0.60

Percent markup:

0.75x = 1.35

x = 1.8 or 180%