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There are two ways to approach this exercise.
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Divide the retail price by the wholesale price and then subtract 1.
Subtracting 1 from the result produces 1.22, or a markup percent of about 122%.
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Find the markup in dollars and then divide by the wholesale price.
So, the markup percent is about 122%.
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There are two ways to approach this problem.
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Divide the retail price by the wholesale price and then subtract 1.
Subtracting 1 from the result produces 0.64, or a markup percent of about 64%.
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Find the markup in dollars and then divide by the wholesale price.
So, the markup percent is about 64%.
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When posting a comment, you agree to our Terms of Use. -
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These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
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The wholesale price for a necklace is $10. The markup percent is 200%. What is the markup? (See Example 1 and Example 2.)
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To find the markup, multiply the markup percent by the wholesale price.
The markup is $20. So, the retail price is
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The wholesale price for a watch is $25. The markup percent is 50%. What is the retail price? (See Example 1 and Example 2.)
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