Ask Question
8 June, 14:14

A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be the percent markup based on the selling price? (Round your answer to the nearest tenth of a percent.)

+4
Answers (1)
  1. 8 June, 15:45
    0
    28.1%

    Explanation:

    Step 1:

    Given that

    Cost price for the seller = 290$

    Selling price for the seller = 403.1$

    Profit = 403.1$ - 290$ = 113.1$

    Step 2:

    Markup based on Selling price = (Profit/Selling Price) * 100

    -> (113.1/403.1) * 100=28.057%

    This can be rounded of to 28.1% (nearest tenth)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers