Problema Solution
. Radio Shack sells a TV for $199.95 that costs $140.50. What was Radio Shack's percent markup based on a selling price? (Round to nearest percent.)
Answer provided by our tutors
Selling Price = $199.95
Cost = $140.50
Markup on selling price % = (Selling Price - Cost)/Selling Price
Markup on selling price % = (199.95 - 140.50)/199.95
Markup on selling price % = 0.2973 or 29.73%