Question

Given a Selling Price of $153.60 and a Cost of $67.98 find the Markup price.

Answer 1

The markup is given as;

$\begin{gathered} SP-CP \\ \text{Where SP=selling price, CP= cost price} \end{gathered}$

Given that;

$\begin{gathered} SP=\text{ \ 153.60,} \\ CP=\text{ \ 67.98} \end{gathered}$

Thus,

$\begin{gathered} Markup\text{ price = }153.60-67.98 \\ Markup\text{ price = \ 85.62} \\ \\ \end{gathered}$