SOLUTION: Jason purchased a tent from a wholesaler for $50 and then sold it in his wilderness store for $75. What was his markup as a percentage of his purchase price?

SOLUTION: Jason purchased a tent from a wholesaler for $50 and then sold it in his wilderness store for $75. What was his markup as a percentage of his purchase price?

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Question 625301: Jason purchased a tent from a wholesaler for $50 and then sold it in his wilderness store for $75. What was his markup as a percentage of his purchase price?
Answer by jankiz(13) (Show Source): You can put this solution on YOUR website!
Since it increased $25, it is half of $50. So, the markup is 50%!
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