Question

The owner of a computer store received a shipment of computers at a cost of $319.85 each. If he sells the computers for $412.99 each, what is the percent of markup?

Answer 1

It is about `29%`

Explanation:

The cost is `$319.85`
The price is `$412.99`
The difference between them (profit) is `93.14`.

To find the percentage, we take he part over whole, or `93.14/319.85`. That simplifies to `0.2912` or `~~29%`. That's the markup.