A store that buys and sells used video games buys a game at a cost of
and sells it at a selling price of
Find the markup. Then find the percent markup.
The mark-up is 477.25 - 415 = $62.25
We have two types of mark-ups.....
mark-up on cost or mark-up on selling price
I'm assuming that you want the first.....so
mark-up on cost = 62.25 / 415 = .15 = 15%