A store that buys and sells used video games buys a game at a cost of $415 and sells it at a selling price of $477.25. Find the markup. Then find the percent markup.

Question

A store that buys and sells used video games buys a game at a cost of $415 and sells it at a selling price of $477.25. Find the markup. Then find the percent markup.

Question content area bottom
Part 1
The markup is $

enter your response here.
Part 2
The percent markup is

enter your response here%. (Round to the nearest whole number as needed.)

Answer 1

Part 1

Markup = Selling Price - Cost Price
Markup = $477.25 - $415
Markup = $62.25

The markup is $62.25.

Part 2
Percent Markup = (Markup / Cost Price) * 100
Percent Markup = ($62.25 / $415) * 100
Percent Markup ≈ 15%

The percent markup is 15%.

A store that buys and sells used video games buys a game at a cost of ​$415 and sells it at a selling price of ​$477.25. Find the markup. Then find the percent markup.

Part 1

A store that buys and sells used video games buys a game at a cost of $415 and sells it at a selling price of $477.25. Find the markup. Then find the percent markup.