What is differentiation ?
2 answers:
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1. Find the percent markup.
Markup ($) = percent markup (%) x original cost ($)
A computer store buys a laptop for $635 directly from the manufacturer (Dell). The markup is $570. What is the percent markup on the computer?
The percent markup is: <u> </u><u>90</u><u> </u>%
FORMULA: Percent of Markup = Markup/Cost x 100
- = $570/$635 x 100
- = 0.90 x 100
- = 90%