SOLUTION: Matthew Kaminsky bought an old Walter Lantz Woody Woodpecker oil painting for $10000. He plans to resell it on eBay for $15000. What are the dollar markup and percent markup on cos

Question 330865: Matthew Kaminsky bought an old Walter Lantz Woody Woodpecker oil painting for $10000. He plans to resell it on eBay for $15000. What are the dollar markup and percent markup on cost? Check the cost figure.
15000-10000 = 5000 for the dollar mark up.
33.3% for the percent mark up on cost.
I'm not really sure if its the right answer.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Matthew Kaminsky bought an old Walter Lantz Woody Woodpecker oil painting for $10000. He plans to resell it on eBay for $15000. What are the dollar markup and percent markup on cost? Check the cost figure.
15000-10000 = 5000 for the dollar mark up.
-------------
$5000 is the dollar markup.
It was "marked up" from 10000.
Use the original as the base --> 5000/10000 = 50% markup

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