A rental company rents a luxury car at a daily rate of $38.93 plus $.50 per mile. Paul is allotted $120 for car rental each day.
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Answer:
The amount of markup is 88 dollars.
Step-by-step explanation:
Given that the whole sale price of bicycle is: $400
Mark up is the profit that the seller of the product makes after selling the product more in price more than its cost or buying price.
Given that mark up percentage is 22%
It can be written mathematically as:
Hence,
The amount of markup is 88 dollars.