Question

A dealership pays $580 for each electronic unit and sells it for $940. What is the percent markup in the price of each unit

Answer 1

Answer:

62.06%

Step-by-step explanation:

Given that,

CP of an electronic unit = $580

SP of an electronic unit = $940

We need to find the percent markup in the price of each unit. It can be done as follows :

$\%=\dfrac{940-580}{580}\times 100\\\\=62.06\%$

So, the required answer is 62.06%.