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

Question

Mathematics

Camille Murray

30 March, 08:26

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

+4

Answers (1)

Know the Answer?

Jake Mahoney · 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%.