SOLUTION: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out

SOLUTION: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out

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Question 131143: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
x+8=15
x=15-8
x=7 is the original price.
8/7=1.14 or a markup of 114%.

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