The Oak House had a markup of $24.87 on an oak table that they sold for $88.99. Find the cost and the percent of markup.
A) $64.12, 27.9%
B) $88.99, 27.9%
C) $64.12, 38.8%
D) $113.86, 21.8%

Question

Quizplus · Accepted Answer

The cost of the oak table is found by subtracting the markup from the selling price: $88.99 - $24.87 = $64.12. The percent of markup is calculated by dividing the markup by the cost and then multiplying by 100 to get a percentage: ($24.87 / $64.12) * 100 = 38.8%.

The Oak House Had a Markup of $24