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kenz2ibreinherlinea kenz2ibreinherlinea
  • 05-11-2016
  • Mathematics
Answered

a merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?

Verified Answer :

olemakpadu
olemakpadu olemakpadu
  • 05-11-2016

Since he sold it for $75 more,

% Mark Up = Mark Up/ Cost Price   100%

% Mark Up =   75 / 125 100%
            
                   =   0.6  * 100% = 60%

Percent Mark Up = 60%.

Hope this explains it.

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