Question

cost of an F SUV is 25600 the markup price is 60%

Answer 1

Solving for the retail price of a SUV with 60% markup

We want to know the retail price of a SUV that costs $25,600 if we aim at a profit of 60%. We have to calculate the 60% of the original price and then add it up to that value, as following:

$\begin{gathered} 25600\times\frac{60}{100}=15360 \\ 25600+15360=40960 \end{gathered}$

So the retail price of a SUV, with 60% markup, would be $40,960