Question

A wholesaler buys plastic lamps for $18 each and sells them for $30.60.what is the percent markup based on cost?

Answer 1

markup value = selling price - buying price
= 30.6 - 18
\[percentage \ markup = \frac{ markup \ value }{ cost \ price} \times 100\]

can u do it now ?

Answer 2

cost price = buying price
\[percent \ markup = \frac{ 30.6 -18 }{ 18 } \times 100 = \frac{ 12.6 }{ 18 } \times 100 = ?\]

Answer 3

thank u

Answer 4

u r welcome :)