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%.