Problema Solution
A home appliance dealer bought 80 oven toasters at P435 each and sold them at P975 each. Expenses incurred in the purchase and sale of the oven toasters amounted to P4895. What was the dealer ‘s percent of markup based on the selling price?
Answer provided by our tutors
Markup: 975 - (435 + 4895/80) = 478.8125
Selling Price: 975
Percent markup on selling price = Markup/Selling Price
Percent markup on selling price = 478.8125/975
Percent markup on selling price = 0.491 = %49.1