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A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.What is the markup value?
markup = original cost x percentage markup

Respuesta :

midnightqueen91
the markup cost is 475 dollars!

Hope this helps!
♤MidnightQueen
JeanaShupp

Answer: $475

Step-by-step explanation:

Given : A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.

i.e. The original cost of item = $9,500

Mark up percentage = 5% = 0.05

The formula given to find the mark up value is :_

[tex]\text{Mark up}=\text{Original cost * percentage mark up}\\\\\Rightarrow\ \text{Mark up}=9500\times0.05=\$475[/tex]

Hence, the mark up value = $475

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