Question

If a store owner buys a microwave for $200 and sells it for $275. What is the percent markup based on cost?

Answer 1

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