The cost to a store for an MP3 player is $60. The selling price is $1.05. A classmate says that the markup is 175% because $105/
$60=1.75 . Is your classmate correct?
1 answer:
<span>MP3 player is $60
</span><span>The selling price is $105
</span><span>A classmate says that the markup is 175% because $105/$60=1.75 . Is your classmate correct?
No. IT's not correct
Original price $60
Selling price $105
$105 - $60 = $45
So
45/60 x 100 = 75%
Price is markup 75% from $60 to $105</span>
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