Question

Joshua buys tablets for $125. He marks them up to 35% to sell to his customers. What is the amount of mark-up?

Answer 1

Answer:

The markup price of tablets is $168.75

Step-by-step explanation:

Given as :

The cost price of tablets = c.p = $125

The markup percentage = m = 35%

Let The markup amount = s.p

According to question

markup percentage = $\dfrac{\textr markup amount - cost price}{cost price}$

Or, m% = $\dfrac{s.p - c.p}{c.p}$

Or, 35% = $\dfrac{s.p-125}{125}$

Or, 125 × $\dfrac{35}{100}$ = s.p -125

Or, 125 × .35 + 125 = s.p

Or, s.p = 125 + 43.75

i.e s.p = $168.75

So, The markup price of tablets = s.p = $168.75

Hence, The markup price of tablets is $168.75  Answer