SEARCH HOME
 Math Central Quandaries & Queries
 Question from Sher: Cost price is $\$32,500$and selling price was$\$85,495.25,$ what percent markup was made?

Hi Sher,

The markup is $\$85,495.25 - \$32,500 = \$52,995.25.\$ But you want the markup as a percentage. My question is a percentage of what? For markup I expect you want to express it as a percentage of the cost. The markup you have, expressed as a fraction of the cost is

$\frac{\52,995.25}{\32,500}.$

To express this fraction as a percentage multiply it by 100.

Penny