Walter White is a pharmaceutical distributor. Walter takes a cost-based approach to pricing his products by tripling his price for each of his products. For example, products that Walter imports from Mexico for $2, he sells for $6. What is Walter's markup percentage?

Question

Quizplus · Accepted Answer

Markup percentage is calculated as (Selling Price - Cost Price) / Cost Price * 100. For Walter, if he buys at $2 and sells at $6, the markup is ($6 - $2) / $2 * 100 = 200%.

Walter White Is a Pharmaceutical Distributor