If a retailer sells a coat for $139.99, what was his markup if he bought the...

Question

Question

If a retailer sells a coat for $139.99, what was his markup if he bought the coat for

$80.00? (10 pts)

Markup in actual dollars ________

Express markup as a % of cost ________

Express markup as a % of selling price ________

business finance

Answer 1

Answer #1

markup in dollars = selling price - cost

= 139.99 - 80

= 59.99

markup as cost = markup in dollars/cost

= 59.99/80

= 74.99%

markup as selling price = markup in dollars/selling price

= 59.99/139.99

= 42.85%

Answer 2

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