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    Mathematics
    Grade-7
    Easy

    Question

    A retailer purchased a computer game at $25 and sold it for $35. The percent mark-up is _____________.

    1. 10%
    2. 15%
    3. 30%
    4. 40%

    hintHint:

    Mark up means value added to the original value. In terms of goods, it’s the value added to the cost price. It is added to gain a profit. A percentage markup is a percent increase in the original value. In the given question, we are given the cost price and selling price of the computer. We have to calculate the percent markup that is an increased percentage of the cost price.

    The correct answer is: 40%

      The retail or cost price of the computer is  $25 and selling price is $35.
      That is
      cost price = 25
      selling price = 35
      The formula for markup is
      Markup = selling price – cost price
      But we have to find percent markup. It means percent of markup per original value or in other words percent of mark up per cost price.
      The formula for markup percentage is
                           M a r k minus u p space p e r c e n t a g e space equals fraction numerator m a r k minus u p over denominator cos t space p r i c e end fraction space o r M a r k minus u p space p e r c e n t a g e space equals space fraction numerator s e l l i n g space p r i c e minus cos t space p r i c e over denominator cos t space p r i c e end fraction cross times 100 M a r k minus u p space p e r c e n t a g e space equals space fraction numerator 35 minus 25 over denominator 25 end fraction cross times 100 space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals space 10 over 25 cross times 100 space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals space 40 percent sign
      So  we can see that after substituting values we get the mark-up percentage as 40%.
      Therefore, option (d), which is 40% is the right option.

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