A store that buys and sells used video games buys a game at a cost of ​$415 and sells it at a selling price of ​$477.25. Find the markup. Then find the percent markup. The percent markup is

Answer 1

$62.25 markup.

The percent markup is 15%.

To find the percent markup, you first calculate the difference between the selling price and the cost:

$477.25 - $415 = $62.25

Then, divide the markup by the cost:

$62.25 / $415 = 0.15

Finally, multiply by 100 to get the percent markup:

0.15 * 100 = 15%