Question

The wholesale price of a jacket is $72. If the jacket is sold in a department store for a retail price of $86.40, what is the percent markup?

Answer 1

20%

Explanation:

Subtract the selling price from the wholesale price.

86.40-72.00=14.4

Find the percentage of the difference from the wholesale price.

14.4/72.0=0.2

This means 20%.