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

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17-04-2017
Mathematics

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

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laureldasher00 laureldasher00 · Answer 1 · 2017-04-17T19:17:47+02:00

laureldasher00 laureldasher00

17-04-2017

Since he sold it for $75 more,

% Mark Up = Mark Up/ Cost Price x 100%

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

Percent Mark Up = 60%
Hope this helps :)

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