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IRINA_888 [86]
3 years ago
15

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
Mathematics
2 answers:
Rama09 [41]3 years ago
6 0
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.
jasenka [17]3 years ago
3 0

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

m_p=\$(27-15)=\$12.

Since Carlos purchased the chair for $15, so the markup percent is given by

\dfrac{m_p}{15}\times100\%\\\\\\=\dfrac{12}{15}\times100\%\\\\\\=\dfrac{4}{5}\times100\%\\\\=80\%.

Thus, the required percent markup is 80%.

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