SOLUTION: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out      Log On


   

Question 131143: what is the markup percent, based on selling price, on an item when the markup is $8 and the selling price is $15? show me how you would work this problem out
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
x+8=15
x=15-8
x=7 is the original price.
8/7=1.14 or a markup of 114%.