Question
A purchaser paid
for a computer system that originally cost 81,050 , If the
markup was
of the
selling price, then what is the percent markup based
on cost? (Round to the nearest tenth percent)
select one:
a a,
b,
c,
d.
markup was
on cost? (Round to the nearest tenth percent)
select one:
a a,
b,
c,
d.
Ask by Brooks Love. in the United States
Jan 24,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The percent markup based on cost is 26.6%.
Solution

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Extra Insights
Let’s break it down! The selling price
is given as
. The markup is
of this selling price, so the markup amount
can be calculated:
Now, to find the cost price
, we subtract the markup from the selling price:
To find the percentage markup based on the cost, we use the formula:
So the answer is
,
.