math
posted by Haydee .
a man makes chairs for $87and sells for $127.89. what is the percent markup for each chair based on the cost?
what is the process?
also another one as priced $73 marked down and sold for $54.75? what was the % markdown?
Alright Haydee, I'll make some guesses.
His profit is $127.89  $87 per chair. How much is that? Since the cost is $87, if you divide the profit by cost that should answer the first part.
I think (I'm not certain) this is called MU%C. Your text should provide some idea for this.
For the last one, the markdown should be $73  54.75. If you put this over $73 that should be the markdown %.
These terms are covered in some kind of business math course which I didn't take. Hopefully someone else can verify these terms.
the way u explain is more understandable than my workbook.
Thanks for your confidence, but let's make sure the answers are right too.
To get the percent you need to multiply the decimals by 100.
Thus the first should be (127.89  87)/87 x 100 = 40.89/87 x 100 = 47%
You need to multiply the last one by 100 as well. It should be 18.25/73 x 100 = 25%
Respond to this Question
Similar Questions

Math
I need some help on figureing out how to answer these problems please i have never done this type of math before thank you Find the discount and total to be paid for each of the following: Amount Terms When Paid Discount Total $2.000 … 
math
a lumberyard makes picnic tables for $87.00 and sells them for $127.89. what is the percent markupbon each picnic table based on cost? 
math
A backery makes loaves of bread for $1.40 and sells them for $1.75 per loaf. What is the percent markup on each loaf based on cost? 
Marketing Math  markup/mark down
A clothing retailer purchased a line of fall leather coats which were priced to sell at $600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked … 
maths
1. a man sells a tv for rupees 3450and makes a profit of 15% . he sells a second tv set at a loss of 10%.if on the whole he neither gains nor loses , find the cost price of the second tv. 2.a man sells two tables at the same price. … 
Math
A clothing retailer purchased a line of fall leather coats which were priced to sell at $600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked … 
Math
First week sells 6 chairs for $80 each. Next week, if chair is not sold, it will sell for 0.85 times previous week's price. Store needs to sell 6 chairs for total of $270 to make a profit. what is the last week in which all 6 chairs … 
Math
First week sells 6 chairs for $80 each. Next week, if chair is not sold, it will sell for 0.85 times previous week's price. Store needs to sell 6 chairs for total of $270 to make a profit. what is the last week in which all 6 chairs … 
math
First week sells 6 chairs for $80 each. Next week, if chair is not sold, it will sell for 0.85 times previous week's price. Store needs to sell 6 chairs for total of $270 to make a profit. what is the last week in which all 6 chairs … 
Business Math
Working off an 22% margin, with markups based on cost, the Food Coop Club boasts that it has 5,900 members and a 245% increase in sales. The markup is 49% based on cost. What would be its percent markup if selling price were the base?