If The Selling Price Is $175.00 And The Markup Rate Was 50%, What Was The Markup Amount And The Cost?
You would multiply the numbers together. So.....175 x 0.5 = 87.5. The additional price you had to pay was 87.5 dollars. You add this to the 175 dollars you initially need to pay. This gives you 262.5. An easy way to get the full price right away is to go 175 x 1.5. This means to multiply it by itself and … Read more