Question

A merchant buys a television for $125 and sells it for a retail price of $200. What is the markup?

Answer 1

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 change"/"original amount" xx 100%`

The actual mark up from `$125 to $200` is simply the difference:

Markup = `$200-$125 = $75`

the percent markup is :

`75/125 xx100%`

`=60%`