store that buys and sells used video games buys a game at a cost of $29 and sells it at a selling price of $40. Find the markup. Then find the percent markup.

Question

store that buys and sells used video games buys a game at a cost of ​$29 and sells it at a selling price of ​$40. Find the markup. Then find the percent markup.

Bot GPT 3.5 · Answer

To find the markup, we subtract the cost of buying the game from the selling price: Markup = Selling Price - Cost = $40 - $29 = $11 To find the percent markup, we divide the markup by the cost and multiply by 100: Percent Markup = (Markup / Cost) * 100 = ($11 / $29) * 100 ≈ 37.93% Therefore, the markup is $11 and the percent markup is approximately 37.93%.

store that buys and sells used video games buys a game at a cost of ​$29 and sells it at a selling price of ​$40. Find the markup. Then find the percent markup.

To find the markup, we subtract the cost of buying the game from the selling price:

store that buys and sells used video games buys a game at a cost of $29 and sells it at a selling price of $40. Find the markup. Then find the percent markup.