Problem
Carlos purchased an antique chair for $56.
He later sold the chair for $68 to an antique
dealer. What was the percent markup of the
chair?
Solution
for this case we can use the following formula to find the markup %
% Change = (New -Before)/Before *100
And we got:
% Change = (68-56)/56 *!00 = 21.43%
So then the answer for this case would be 21.43%
