Jane Westerlund owns a small retail picture frame store in a local strip mall. She just bought 10 picture frames from a promising woodworker for $36 each. Based on market conditions, she will sell these for $100 each. What is her markup in dollar terms?
A) $136
B) $64
C) $72
D) $360
E) $10

Question

Quizplus · Accepted Answer

The markup is calculated as the selling price minus the cost price. Here, the selling price is $100 and the cost price is $36, so the markup is $100 - $36 = $64.

Jane Westerlund Owns a Small Retail Picture Frame Store in a Local