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13 May, 08:31

Camille Keegan sells lamps for $92.10 that cost her $62.00. What was Camille's percent markup based on selling price?

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  1. 13 May, 09:42
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    Markup is the amount a certain seller is adding to the cost to get the selling price of her product. In this problem, Camille Keegan has the selling price of $92.10 and the cost is $62.00. To get the markup, you just have to deduct the cost from the selling price:

    $92.10 - $62.00 = $30.10

    To get the percent markup, you just have to divide the markup by the cost of the product:

    $30.10/$62.00 = 48.55% markup
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