Carlos purchased an antique chair for $15 he later so this year for $27 to an antique dealer what was the percent markup of the chair
2 answers:
Okay. So, to find the percent change, we have to do change/original. In this case, it would be 12/15, because 15 and 27 are apart by 12. 12/15 is 0.8. Multiply that by 100 and you get 80. There was an 80% markup of the chair sold to the antique dealer.
Answer: The required percent markup is 80%.
Step-by-step explanation: Given that Carlos purchased an antique chair for $15 and later he sold it this year for $27 to an antique dealer.
We are to find the percent markup of the chair.
The markup price of the chair is given by
Since Carlos purchased the chair for $15, so the markup percent is given by
Thus, the required percent markup is 80%.
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Step-by-step explanation:
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