A tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144 what is the markup rate

Question

Mathematics

Braeden Maynard

5 June, 19:51

A tennis supply store pays a wholesaler $90 for a tennis racquet and sells it for $144 what is the markup rate

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Hannah Simpson · Answer 1

Markup is the difference between the cost of a good or service and its selling price. A markup is added onto the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product. so it would be 144 - 90 = 54. $54 would be the markup.