a merchant buys a television for $125 and sells it for $75 more. what is the percent markup??
Accepted Solution
A:
Answer:The markup of $75 is a 60% increase.Explanation:To calculate any percent change (which is what I assume you are asking here?), the method is:%change=amount of changeoriginal amount×100%The actual mark up from $125→$200 is simply the difference:Markup = $200−$125=$75the percent markup is :75125×100%=60%