bastic corporation purchased industrial furnaces for $4015 less 36% and 24%. determine the markup on cost give a regular selling
price of $2852.
1 answer:
The markup percentage is .40778 -> 40.778%
$4015 = current price ; $2852 = original price
To find the mark up percentage:
First, find the difference between the current price and original price.
$4015 - $2852 = $1163
Second, divide the price difference by the current price to get the percentage.
1163/2852 = .40778
Check the math by multiplying the original price by the markup percentage and add the original price to it.
$2852 X .40778 + $2852 = $4015
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