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23 October, 19:17

The cost to a store for an MP3 player is $60. The selling price is $1.05. A classmate says that the markup is 175% because $105/$60=1.75. Is your classmate correct?

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  1. 23 October, 22:53
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    MP3 player is $60

    The selling price is $105

    A classmate says that the markup is 175% because $105/$60=1.75. Is your classmate correct?

    No. IT's not correct

    Original price $60

    Selling price $105

    $105 - $60 = $45

    So

    45/60 x 100 = 75%

    Price is markup 75% from $60 to $105
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