SOLUTION: A store that buys and sells used video games buys a game at a cost of ​$415 and sells it at a selling price of ​$477.25. Find the markup. Then find the percent markup.

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: A store that buys and sells used video games buys a game at a cost of ​$415 and sells it at a selling price of ​$477.25. Find the markup. Then find the percent markup.       Log On


   

Question 1199091: A store that buys and sells used video games buys a game at a cost of ​$415 and sells it at a selling price of ​$477.25. Find the markup. Then find the percent markup.
Answer by MathLover1(20850) About Me  (Show Source):
You can put this solution on YOUR website!

a game at a cost of ​$415+
and sells it at a selling price of ​$477.25
Find the markup
477.25-415+=62.25
Then find the percent markup
62.25=%28p%2F100%29415
p=%2862.25%2A100%29%2F415
p=6225%2F415
p=15
the percent markup is 15%