Business Mathematics: Selling - Selling Price As The Base

Example
A book selling for $8 cost the seller $6. What is the percent markup based on selling price?

We can use the percent markup to compute either the cost or the selling price.


Example
A book selling for $8 has a markup of 25% of retail (i.e., selling price). What is the cost?

Example
A book has a markup of $2, which is 25% of the selling price. What is the selling price?

Solved Problems

9.6 Find the percent markup of retail (i.e., based on selling price) when (a) retail = $23.40 and cost = $17.20, (b) retail = $46.41 and cost = $21.25, and (c) retail = $164.60 and cost = $126.
 

Solution



9.7 If the markup is $7 on a pair of jeans which costs Jones Bros. $18, what is the percent markup based on retail?
 

Solution


9.8 Dancin’ Shoes has a markup of $7.59 on a pair of shoes they sell for $19.25. Find (a) the cost and (b) the percent markup based on retail.
 

Solution


9.9 If an item costs $0.79 and sells for $1.25, find (a) the markup and (b) percent markup based on retail.
 

Solution


10.0   Nature’s Way, a sporting goods store, buys snow shoes for $26.50 a pair and sells them for $79.27. What is (a) the markup and (b) the percent markup based on retail?
 

Solution