Question

A calculator was purchased for $29. The wholesale cost was $20. What was the percent markup?

Answer 1

If you would like to find the percent markup, you can calculate this using the following steps:

x% of $20 is $29
x% * 20 = 29
x/100 * 20 = 29
x = 29 * 100 / 20
x = 145%

145% - 100% = 45%

The correct result would be 45%.