> > if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

if a bookseller buys a paperback book for 4$ and the book is labele...

99 Views

if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

Answer

Selling price = 6.99 Cost = 4 The dollar markup is computed by deducting the cost from the selling price.
6.99 - 4 = 2.99 is the dollar mark-up based on cost.
2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.

To see more answers head over to College Study Guides
Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 50 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 99 views.

Recommended Questions