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