A store owner bought a painting for $120. She is selling it for $190. What is the percent markup on the painting?

1 Answer

58.33%

Explanation:

"Percentage increase" = ("final value" - "initial value")/"initial value" ×100%

= (190-120)/120×100%

=(70/120)*100%

=700/12 =58.33

The level of accuracy required depends on the situation and the original instructions/convention.

This can be 1 decimal place or 2 decimal places, or often 3 significant figures.