angtrap7494 angtrap7494
  • 23-11-2021
  • Business
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A store manager paid $181 for an item and set the selling price at $253.40. What was the percent markup

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abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 01-12-2021

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

Using this Formula

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

Where:

New price=$253.40

Old price=$181

Let plug in the formula

Percent markup=( $253.40-$181)/$181

Percent markup=$72.4/$181

Percent markup=0.4 ×100

Percent markup= 40%

Inconclusion the percent markup is 40%.

Learn more here:https://brainly.com/question/13011865

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