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cOcO
cOcO asked in Science & MathematicsMathematics · 1 decade ago

If you buy a product for 60 cents, sell for $3.00, what % mark up is that?

If you buy a product for 60 cents, sell for $3.00, what % mark up is that? Formula please. Thanks

6 Answers

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  • Catenary
    Lv 5
    1 decade ago
    Favorite Answer

    This is a tricky one. You have to understand that mark-up is the amount over the original price. The mark-up in this case is $2.40, as brainy1 said.

    The percentage mark-up is $2.40 / 0.60 = 400%

    Jenny calculated the percentage increase, which is the amount of the original price. Note the subtle distinction between "over" and "of".

  • cidyah
    Lv 7
    1 decade ago

    The deifference is 300-60=240 cents.

    For 60 cents , the increse is 240 cents

    For 1 cent, the increse is 240/60 =4 cents

    For 100, the increse is 4 x 100 = 400

    400 % mark up.

  • lo
    Lv 6
    1 decade ago

    Markup = 3.00 - .60 = 2.40

    %markup = 2.40/.60 x100% = 400%

    Source(s): www.steinermarketing.com/calc_markup_pricing.htm
  • Anonymous
    1 decade ago

    3.00/.6=500%

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  • Jim M
    1 decade ago

    0.60 + x(0.60) = 3.00

    x = (3.00- .60) / 0.60 * 100% = 400%

  • D Whitfield
    1 decade ago

    mark-up is original cost+mark-up=final cost...

    so.. mark up is $2.40 so its 400%

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