Question 1165965
the diamond ring cost him 4200.
he requires a margin of 45%.
4200 + .45 * 4200 = 6090.
that's the price he needs to sell the ring at in order to make a gross profit of 45%.
the markup is 45% of the cost which is .45 * 4200 = 1890.


4200 + 1890 = 6090
the markup is 1890
the percent markup is 1890/4200 * 100 = 45%