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Aria went to the store and saw the PS5 is selling for $800 now. Aria foundout the wholesale price of the PS5 for the store is $350. How much is theMARKUP RATE on the PS5?

Answer :

Since the selling price = 800 dollars

Since the price of the store = 350 dollars

Subtract them to find the markup amount

The markup = 800 - 350 = 450 dollars

The percentage of the markup = (markup amount/store price) x 100%

The rate of the markup = (450/350) x 100%

The rate of the markup = 128.57%

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