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A buyer for a store buys a television at a wholesale price of $377.56. The store then sells the television to its customers for $589.

Find the amount of markup for the television

Find the percent of markup for the television

2007-02-27 17:17:45 · 13 answers · asked by Anonymous in Science & Mathematics Mathematics

13 answers

Retail minus wholesale equals markup=211.44.
Next, make an equation;
$211.44 =( x%) of ($377.56)=>$211.44/$377.56 = x%=0.56
= 56% Markup.

2007-02-27 17:28:35 · answer #1 · answered by honest abe 4 · 0 0

to find out the markup, simply subtract the two quantities.
589
-377.56
______
$211.44- markup

to find the percent of markup, use the answer in the first question. Divide it to the original price.

211.44 / 589= 0.358981...
move the decimal 2 places to the right so to make it a percent.

35.9%- percent of markup

2007-02-28 01:55:05 · answer #2 · answered by Fer 3 · 0 0

Markup - 589-377.56 = $211.44
Percentage - 211.44/377.56 =56%

Markup = retail price - wholesale price; just how much the store added to the original price
Percentage = markup/wholesale price

2007-02-28 01:51:54 · answer #3 · answered by vvn 3 · 0 0

Hello!
The markup on the television is $211.44! The markup percentage is 56%
sales price...589
wholesale...377.56
profit...........211.44
cross multiply 211.44X100/377.56 answer 56%!

2007-02-28 01:49:08 · answer #4 · answered by bemeup 2 · 0 0

markup is just how much the store added to the original price. So it is 589-377.56 = 211.44

as for the percent markup, 211.44/377.56 = 0.56. convert that to percent (x100) and you get 56% meaning the store charged 56% more than the original price and that is the percent markup.

2007-02-28 01:26:27 · answer #5 · answered by grey'sanatomy 2 · 0 0

Markup - $211.44
Percentage - 56%

Markup = retail price - wholesale price
Percentage = markup/wholesale price

2007-02-28 01:21:26 · answer #6 · answered by I Know Nuttin 5 · 0 0

markup = 589-377.56 = 211.44
percent of markup =100x (211.44/377.56)% = 56%

2007-02-28 01:35:36 · answer #7 · answered by reza 2 · 0 0

The amrkup is $211.44. You find that by subtracting the amount they bought it for from the amount they sold it for. To find the markup you divide the amount they sold it for by the amount they bought it for-156%.

2007-02-28 01:22:25 · answer #8 · answered by Anonymous · 0 0

211.44 a 64% markup. 377.56/589x100

2007-02-28 01:24:21 · answer #9 · answered by kwilfort 7 · 0 0

amount of markup: 589 - 377.56 = 211.44
% of markup: 211.44/589 = 35.9% (rounded)

2007-02-28 01:22:40 · answer #10 · answered by Philo 7 · 0 1

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