SOLUTION: Henri purchased a stero from a wholesaler for $400 and then sold it in his electronic warehouse for $450. What was his markup as a percentage of his purchase price?

SOLUTION: Henri purchased a stero from a wholesaler for $400 and then sold it in his electronic warehouse for $450. What was his markup as a percentage of his purchase price?

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Question 333640: Henri purchased a stero from a wholesaler for $400 and then sold it in his electronic warehouse for $450. What was his markup as a percentage of his purchase price?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
50/400=0.125=12.5%
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