Question

Diego bought a pair of jeans that cost $50. He turned around and sold them to a friend with a 5% markup. How much did the jeans cost after Diego’s markup

Answer 1

Hi there! To find the total cost after the markup, all you have to do is multiply by 105% (1.05), because you’re incorporating the cost of jeans bought plus the markup. 50 * 1.05 is 52.5. The jeans costed $52.50 after the markup.

Answer 2

Answer
Diego's mark up is 2.50 dollars.

Reasoning
To calculate the percentage increase: First: work out the difference (increase) between the two numbers you are comparing. Then: divide the increase by the original number and multiply the answer by 100. If your answer is a negative number then this is a percentage decrease.