A merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?
1 answer:
Since he sold it for $75 more,
% Mark Up = Mark Up/ Cost Price * 100%
% Mark Up = 75 / 125 * 100%
= 0.6 * 100% = 60%
Percent Mark Up = 60%.
Hope this explains it.
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