Mr. Daton purchased men't sports
coats for $80 each and sold them for $158 each. Find the markup on retail to the nearest whole percent.

Question

Mr. Daton purchased men't sports
coats for $80 each and sold them for $158 each.  Find the markup on retail to the nearest whole percent.

campbell_st · Answer

the percentage is $$percentage=\frac{(158 - 80)}{80} \times 100 $$

anonymous · Answer

Thank you so much! :)

anonymous · Answer

@campbell_st
The answer isn't coming out right for some reason.. It is supposed to be 49%.

campbell_st · Answer

oops I gave you mark up on cost. 

For markup on retail

markup = retail price - cost price
             = 158 - 80
             = $78

percentage = 78/158 * 100 = 49.3%