A calculator was purchased for $29. The wholesale cost was $20. What was the percent markup?

Question

Mathematics

Preston Delacruz

7 February, 14:32

A calculator was purchased for $29. The wholesale cost was $20. What was the percent markup?

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Answers (1)

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Kianna Russell · Answer 1

If you would like to find the percent markup, you can calculate this using the following steps:

x% of $20 is $29

x% * 20 = 29

x/100 * 20 = 29

x = 29 * 100 / 20

x = 145%

145% - 100% = 45%

The correct result would be 45%.