A parka that sold for $65 is marked up to $70.20. What is the percent of markup?

Question

Juliana Ingram

Mathematics

11 May, 21:07

A parka that sold for $65 is marked up to $70.20. What is the percent of markup?

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Answers (1)

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Lincoln Clayton · Answer 1

When you're looking for the percent markup, you subtract the old price from the new price ($70.20-$65=$5.20). Then you put the difference over the original price ($5.20/$65) and multiply it by 100. Your answer is 8% markup.