A wholesaler sells an organ for $1,730. What is the percent markup based on selling price, if the wholesaler paid $800 for the piano? (Round to the nearest whole percent)
A) 54%
B) 39%
C) 46%
D) 217%

Question

Quizplus · Accepted Answer

The percent markup based on selling price is calculated as (Selling Price - Cost Price) / Selling Price * 100. So, ($1730 - $800) / $1730 * 100 = 53.76%, which rounds to 54%.

A Wholesaler Sells an Organ for $1,730