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/

Question

ycow [4]

3 years ago

13

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?

Mathematics

1 answer:

Lapatulllka [165] · Answer 1 · 2021-12-20T04:45:18+03:00

MP3 player is $60
The selling price is $105

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