Problema Solution
If the markup of a fluorescent light fixture transformer is 120% based on the cost, what is the corresponding percent markup based on selling price? (Round percent to the nearest tenth.)
Answer provided by our tutors
Given this
Let ..C.P=100.....
Mark up = 120 ...
S.P.= 100+120=220
Mark up on basis of S.P. = 100*120/220 = 54.54%.