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Q: What is the selling price if it cost 15 and the percent of markup is 15?

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(Selling Price - Cost price)/Selling Price * 100

$35.71

Selling price less profit equals cost price. The markup is the profit plus cost price.

Multiply by 1.75

3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%

There is no cost for which a 58% markup would give a price of 130.50.

The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.

Markup

you minus it

Cost price * markup + tax = selling price

1o=90

if it is 6.80 dollars markup, selling price would be 1267.25. if 6.8%, it'd be 1346.16

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