Question
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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.

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%.

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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 , .

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