Question

Given a Selling Price of $153.60 and a Cost of $68.98 find the Markup

Answer 1

Answer

Markup = 122.67%

Explanation

Given:

$\begin{gathered} \text{Selling price }=153.60 \\ \text{Cost price }=68.98 \end{gathered}$

The formula for markup is given by

$\text{Markup }=\frac{\text{Selling price - Cost price}}{Cost\text{ price}}\times100$

Hence the markup would be

$\begin{gathered} \text{Markup }=\frac{153.60-68.98}{68.98}\times100 \\ \text{Markup }=\frac{84.62}{68.98}\times100 \\ \text{Markup }=122.67\% \end{gathered}$