Answered

IDNLearn.com makes it easy to find accurate answers to your questions. Get comprehensive answers to all your questions from our network of experienced experts.

Carlos purchased an antique chair for $56.He later sold the chair for $68 to an antiquedealer. What was the percent markup of thechair?

Sagot :

Problem

Carlos purchased an antique chair for $56.

He later sold the chair for $68 to an antique

dealer. What was the percent markup of the

chair?

Solution

for this case we can use the following formula to find the markup %

% Change = (New -Before)/Before *100

And we got:

% Change = (68-56)/56 *!00 = 21.43%

So then the answer for this case would be 21.43%

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.