Question

The markup on an item is its selling price, s, minus its cost, c. If a new printer costs $284.25 and it sells for $399.99, what is the markup?

Answer 1

The correct answer is:

$115.74

Explanation:

The amount of markup, m, is given by subtracting the selling price, s, and the cost, c:

m = s-c

The selling price of the item, s, is $399.99.
The cost of the item, c, is $284.25.

m = 399.99-284.25 = $115.74