Question

A store manager paid $185 for an item and set the retail price at $275. what was the percent markup?

Answer 1

Based on the information given the percent markup is 40%.

Using this Formula

Percent markup = (New price - Old price)/Old price

Where:

New price(Retail price) = $275

Old price(Paid amount) = $185

Let plug in the formula

Percent markup = ( $275 - $185)/$185

Percent markup = $90/$185

Percent markup = 0.48 ×100

Percent markup = 48%

Hence, the percent markup is 48%.

Find out more information about percent markup here

brainly.com/question/13011865

#SPJ4