A store pays $120 for a television. The store sells the television for $300. Your classmate says that the markup is 150% because $180$120=1.50$180$120=1.50. Is your classmate correct?

Question

Mathematics

Yair Ryan

1 August, 19:09

A store pays $120 for a television. The store sells the television for $300. Your classmate says that the markup is 150% because $180$120=1.50$180$120=1.50. Is your classmate correct?

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Bucky · Answer 1

Your class mate is correct. Remember when multiplying by a percentage to move the decimal place 2 decimal places to the left. Because 120 and 180 are equal to 300 your classmate is correct in saying that the mark up is 150%