SOLUTION: The cost of a food blender for the retailer is $40.00 and the retailer applies a markup of $60.00. What is the retail markup percentage.

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Question 927424: The cost of a food blender for the retailer is $40.00 and the retailer applies a markup of $60.00.
What is the retail markup percentage.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
100%28%2860%29%2F40%29 = 150% markup