Question

The selling price of an item is ​$720. It is marked down by ​30%, but this sale price is still marked up from the cost of ​$420. Find the markup from cost to sale price.

Answer 1

The markup cost is $84 if the selling price of an item is ​$720. It is marked down by ​30%, but this sale price is still marked up from the cost of ​$420.

What is markup price?

Markup pricing is the practice in which the price of products or commodity is determined by taking all the goods together and adds a fraction as a markup.

We have:

The selling price of an item is ​$720. It is marked down by ​30%

$\rm = 720\times \dfrac{30}{100}$

Markdown = 216

Now subtract it from the selling price:

= 720-216

Sale price = 504

Now,

= 504-420

Markup cost =  $84

Thus, the markup cost is $84 if the selling price of an item is ​$720. It is marked down by ​30%, but this sale price is still marked up from the cost of ​$420.

Learn more about the markup price here:

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