SOLUTION: If i paid $166.67 for an item but i sold it for $380.00,what is the mark up percentage?

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Question 64328: If i paid $166.67 for an item but i sold it for $380.00,what is the mark up percentage?
Answer by Earlsdon(6294) About Me  (Show Source):
You can put this solution on YOUR website!
To find the percent of markup on your sale, find the actual dollar gain (sale price - purchase price) divide this by the purchase price and multiply by 100 to get the percentage.
%28%28380-166.67%29%2F166.67%29100+=+127.99
The markup percentage is 128%