A retailer of Real Dry deodorant prices it at $2.00; it costs the retailer $1.40. What is the approximate markup as a percentage of selling price?

Name: A retailer of Real Dry deodorant prices it at $2.00; it costs the retailer $1.40. What is the approximate markup as a percentage of selling price?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The markup is calculated as (Selling Price - Cost) / Selling Price. Here, it is ($2.00 - $1.40) / $2.00 = $0.60 / $2.00 = 0.30, which is 30%.

A Retailer of Real Dry Deodorant Prices It at $2