Question
If a store owner buys a microwave for $200 and sells it for $275. What is the percent markup based on cost?
Answers
Chelle
Cost: $200
Selling Price: $275
275/200 = 1.375
Move decimal two places to right: 137.5
Or, Multiply by 100: 1.375 x 100 = 137.5
Next, subtract 100 from 137.5
137.5 - 100 = 37.5%
Or, you can just subtract the cost from the selling price then divide answer by cost. Then move decimal two places to the right, or, multiply by 100.
275 - 200 = 75/200 = 0.375
Selling Price: $275
275/200 = 1.375
Move decimal two places to right: 137.5
Or, Multiply by 100: 1.375 x 100 = 137.5
Next, subtract 100 from 137.5
137.5 - 100 = 37.5%
Or, you can just subtract the cost from the selling price then divide answer by cost. Then move decimal two places to the right, or, multiply by 100.
275 - 200 = 75/200 = 0.375