Question

U-Frame-It-Today is selling small picture frames for $9.20. Each small frame actually cost the store $4.00 before being marked up to $9.20. What is the percent of markup on each frame

Answer 1

To calculate the percent markup, you will divide the increase in price by the original price.

$9.20-$4.00=$5.20

$5.20/$4 = 1.3

1.3 = 130% markup for each frame.