Question

Solve the application problem. Round rate to the nearest tenth of a percent and dollar amount to the nearest cent.

A complete comforter and sheet set has a cost of $132 to the retailer and is marked up 45% on cost. Find the markup.

Solution

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Answered 1 year ago
Answered 1 year ago
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Determine the Markup:

C=132MC=0.45M=0.45C=0.45(132)=59.40\begin{align*} C&=132\\ \dfrac{M}{C}&=0.45\\ M&=0.45C\\ &=0.45(132)\\ &=59.40 \end{align*}

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