Antique Reproductions pays a manufacturer $800 for a hand-forged iron fireplace screen,and it sells the fireplace screen to a customer for $1,600.What is the markup on the screen?

Name: Antique Reproductions pays a manufacturer $800 for a hand-forged iron fireplace screen,and it sells the fireplace screen to a customer for $1,600.What is the markup on the screen?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The markup on the screen is the difference between the selling price and the cost price, which is $1,600 - $800 = $800.

Antique Reproductions Pays a Manufacturer $800 for a Hand-Forged Iron