Question 330865
Matthew Kaminsky bought an old Walter Lantz Woody Woodpecker oil painting for $10000. He plans to resell it on eBay for $15000. What are the dollar markup and percent markup on cost? Check the cost figure. 
15000-10000 = 5000 for the dollar mark up.
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$5000 is the dollar markup.
It was "marked up" from 10000.
Use the original as the base --> 5000/10000 = 50% markup