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rolpace88 rolpace88
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8 years ago
Cost = $48.19; selling price = $58.79. Find the markup and the rate of markup based on the selling price.
A) Markup = $10.60
Rate of markup based on selling price = 82.0%
B) Markup = $10.60
Rate of markup based on selling price = 18.0%
C) Markup = $21.20
Rate of markup based on selling price = 22.0%
D) Markup = $21.20
Rate of markup based on selling price = 51.8%
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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rolpace88 Author
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#2
8 years ago
Wonderful, thx.
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#3
8 years ago
A thumbs up would be appreciated Smiling Face with Glasses
Anonymous
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#4
6 months ago
Help! The answer is missing an explanation...
wrote...
#5
Educator
6 months ago
Markup = Selling price - Cost
Markup = 58.79 - 48.19
Markup = $10.60

Use the formula:

(Markup / Selling price) * 100% = Rate
(10.60 / 58.79) * 100% = 18.03%
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