Question

bastic corporation purchased industrial furnaces for $4015 less 36% and 24%. determine the markup on cost give a regular selling price of $2852.

Answer 1

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