Question

A merchant buys a television for $125 and sells it for $75 more. what is the percent of markup?

Answer 1

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.