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OpenStudy (anonymous):
Mr. Daton purchased men's coats for $80 each and sold them for $158 each. Find the markup on the retail to the nearest whole percent.
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OpenStudy (anonymous):
49.3%
OpenStudy (anonymous):
So 49%
OpenStudy (anonymous):
How did you come to that answer?
OpenStudy (anonymous):
markup = retail price - cost price = 158 - 80 = $78 percentage = 78/158 * 100 = 49.3%
OpenStudy (anonymous):
Understand?
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OpenStudy (anonymous):
Let me work through it on paper right quick and make sure
OpenStudy (anonymous):
ok
OpenStudy (anonymous):
Yes, I see now. Thank you so much for your help!!
OpenStudy (anonymous):
No problem!!!
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