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| Math Central | Quandaries & Queries |
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Question from lisa, a parent: A television cost Best Buy 400.00. They want to sell it at a price of 1500.00. What would the percent markup have to be for this to happen. |
Lisa,
The markup is $1500 - $400 = $1100. The markup expressed as a percentage is the percentage it is of Best Buy's cost. That is ($1100/$400) × 100 = 275%.
Penny
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