GodBlessYou
Wholesale price: $12
Retail price: $20
Markup on retail: ?



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skullpatrol
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Any ideas?

GodBlessYou
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Well i think that you first subtract 12 from 20 and then get 8

GodBlessYou
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OH and then do you take 8 divided by 20?

GodBlessYou
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I think I answered my own question! lol :D Thank you for the help! :D

skullpatrol
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Yes, you are correct: $8 is what the mark up is :D

GodBlessYou
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so then you will get .4 after dividing 8 by 20 and then you multiply that by 100 to get the percent 40% :)

GodBlessYou
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oh.. :) So what I have is wrong? This is the answer i have in my book. :)

skullpatrol
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Nothing, I'm wrong.

GodBlessYou
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Oh that is ok. :) Thank you! :D

skullpatrol
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Thanks for trying :D