A toy store’s percent of markup is 45%. A model train costs the store $50. Find the markup.
$111.11
$22.50
$27.50
$72.50
To find the markup, we first need to calculate the selling price of the model train.
Let x be the selling price. Since the percent of markup is 45%, the selling price is 145% of the cost price.
Therefore, selling price = 1.45 * $50 = $72.50
Now, we can find the markup by subtracting the cost price from the selling price:
Markup = $72.50 - $50 = $22.50
Therefore, the markup is $22.50.
The answer is: $22.50