Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

The manager of a store orders digital cameras that cost $230\$230 and sells them for $621\$621. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____

Full solution

Q. The manager of a store orders digital cameras that cost $230\$230 and sells them for $621\$621. What percentage is the mark-up?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Price Difference: Calculate the difference in price between the selling price and the cost price.\newlineDifference in price = Selling price - Cost price\newline= $621\$621 - $230\$230 = $391\$391
  2. Calculate Mark-up Percentage: Calculate the mark-up percentage based on the cost price. Mark-up percentage = (Difference in priceCost price)×100(\frac{\text{Difference in price}}{\text{Cost price}}) \times 100 = (391230)×100(\frac{391}{230}) \times 100 = 1.7×1001.7 \times 100 = 170%170\%

More problems from Find the percent: tax, discount, and more