A customer just paid $318 for a Blu-ray player. If the cost was 60% of selling price what was the mark up amount?
A) $237.08
B) $127.20
C) $198.75
D) $298.92

Question

Quizplus · Accepted Answer

The selling price is 100%, and the cost is 60% of the selling price. Therefore, the markup percentage is 40% (100% - 60%). To find the markup amount, we calculate 40% of the selling price ($318). The markup amount is $318 * 0.4 = $127.20.

A Customer Just Paid $318 for a Blu-Ray Player