SOLUTION: The cost to the distributor for a product is $36. The distributor sells the product for $97 to his customers. What is the markup rate?
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Question 951945: The cost to the distributor for a product is $36. The distributor sells the product for $97 to his customers. What is the markup rate?
Answer by JulietG(1812) (Show Source): You can put this solution on YOUR website!
I want to know what sort of product can have that kind of markup! He must be making a killing.
You want to know this:
97 = x * 36
Divide each side by 36
270% markup (rounded)
.
36 * 270 = 97.20 (we rounded)
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