# How do you find the amount of markup or the amount of discount given $1 wax; 125% markup?

##### 1 Answer

Jun 9, 2017

See a solution process below:

#### Explanation:

This problem can be restated as:

What is 125% of $1?

"Percent" or "%" means "out of 100" or "per 100", Therefore 125% can be written as

When dealing with percents the word "of" means "times" or "to multiply".

Finally, lets call the markup amount we are looking for "m".

Putting this altogether we can write this equation and solve for

The markup amount is $1.25