Question

A computer store bought a program at a cost of ​$20 and sold it at a selling price of ​$26. Find the percent markup.

Answer 1

To find the percent markup, you can use the following formula:

\[
\text{Percent Markup} = \left( \frac{\text{Selling Price} - \text{Cost}}{\text{Cost}} \right) \times 100
\]

In this case, the cost of the program is $20, and the selling price is $26.

Substituting the values into the formula:

\[
\text{Percent Markup} = \left( \frac{26 - 20}{20} \right) \times 100
\]
\[
= \left( \frac{6}{20} \right) \times 100
\]
\[
= 0.3 \times 100
\]
\[
= 30\%
\]

Thus, the percent markup is **30%**.