Question

Noah wants to buy a purebed golden retriever puppy that he sees for $499.By the time he goes to buy it, the price has increased to $599. Find the percent markup in the price of the puppy.

Answer 1

499 - 100%
599 - x

x = 599*100/499 = 120.04
x-100% = 120.04-100 = 20.04

Answer: The price increased by 20%.

Answer 2

Answer: 20.04%

Step-by-step explanation:

Given: The current price of a purebed golden retriever puppy =$499

By, the time the new price price of a purebed golden retriever puppy = $599

The percent price mark up = $\frac{New\ price-current\ price}{current\ price}\times100$

∴ the percent mark up= $\frac{599-499}{499}\times100$

$=\frac{100}{499}\times100=20.04\ %$

Hence, the percent markup in the price of the puppy = 20.04%