Respuesta :
When you're looking for the percent markup, you subtract the old price from the new price ($70.20-$65=$5.20). Then you put the difference over the original price ($5.20/$65) and multiply it by 100. Your answer is 8% markup.
Answer:
8%
Step-by-step explanation:
To be able to find the percent of markup, first you have to find the value of the markup:
$70.20-$65= $5.20
Then, you have to determine the markup value as a percentage of the original price :
($5.20/$65)*100= 8%
According to this, the percent of markup is 8%.