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Author Question: An item costs 1,095 and the selling price is 1,292.10. How is the markup rate ... (Read 152 times)

Mr3Hunna

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on: Jun 24, 2018
An item costs 1,095 and the selling price is 1,292.10. How is the markup rate calculated?

Question 2

The cost of a hardcover book is 7.50. The markup rate is 25. What is the selling price?


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lgoldst9

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Subtract the cost from the selling price to find the markup amount, then divide the markup amount by the cost to get the markup rate.

Answer to Question 2

9.38;
7.50  0.25 = 1.88; 7.50 + 1.88 = 9.38


Mr3Hunna

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Reply 2 on: Jun 24, 2018
Wow, this really help

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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