Solve the problem.
-A store manager paid $97 for an item and set the selling price at $117.37. What was the percent of the markup?
A)21%
B)17%
C)20%
D)23%

Name: Solve the problem. -A store manager paid $97 for an item and set the selling price at $117.37. What was the percent of the markup? A)21% B)17% C)20% D)23%
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Question

Quizplus · Accepted Answer

The markup is the difference between the selling price and the cost, divided by the cost. In this case, the markup is (117.37 - 97) / 97 = 0.21, or 21%.

Solve the Problem. -A Store Manager Paid $97 for an Item and Set