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31 October, 03:45

The markup on a TV should be 58% based on selling price. If the seller paid $252 for one, then how much should it be sold for (in $) to achieve the desired markup?

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  1. 31 October, 03:59
    0
    =$398.16

    Explanation:

    Mark up represents the desired profits of a product. A percentage mark-up increases the price of a product by that specific percentage.

    If the cost is $252 and the required mark-up is 58%, the selling price will 58% higher than $252.

    = 58% of 252 + 252

    = (58/100 x 252) + $252

    =$146.16 + 252

    =$398.16
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