Question

A store that buys and sells used video games buys a game at a cost of ​$9 and sells it at a selling price of ​$13. Find the markup. Then find the percent markup.

Answer 1

Markup = $4
b) markup as a percentage of cost is 33.3%
Step-by-step explanation:
Markup
markup = selling price - cost
= $13 - 9
... markup = $3
Markup as a Percentage of Cost
To find the percent markup, divide the markup by the reference value and multiply the ratio by 100%. The reference value for markup is usually cost price, but sometimes may be selling price.
... markup / cost × 100% = 3/9×100% = 33 1/3% ≈ 33.3%

Answer 2

33.3%

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