Antonio sold a hat for $18. His wholesale cost was $8. What was the percent markup?
Answer (2)
M ak e a f r a c t i o n an d m u lt i pl y i t b y 100% p r i ce o f ha t w h o l es a l e cos t ∗ 100% = 18 8 ∗ 100% = 18 800 % = 44 18 8 % P erce n t ma r k u p w a s 44 18 8 %.
Antonio's percent markup on the hat he sold is calculated to be 125%, which means he sold it for 125% more than his wholesale cost.
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