The selling price of an item is $650 marked up from the wholesale cost of $450. Find the percent markup from wholesale cost to s

Question

2 days ago

11

elling price.

1 answer:

zzz [11.8K] · Answer 1 · 2026-04-07T10:52:07+03:00

Response:

The percentage of markup is 30.76 %

Detailed breakdown:

Provided is:

The price at which an item is sold = s.p = $650

The cost price of an item = w.p = $ 450

Let the markup percentage be denoted as d %

Now, in accordance with the prompt

d % = $\dfrac{\textrm selling price - \textrm whole sell price}{\textrm whole sell price}$

So, d = $\dfrac{\textrm s.p - \textrm w.p}{\textrm w.p}$ × 100

This can be expressed as: $(\frac{650-450}{450})\times 100$

Alternatively, d = $\frac{200}{650}$ × 100

Consequently, d = 30.75

The markup percentage thus is d = 30.76 %

Therefore, the markup percentage stands at 30.76 % Response