Mathematics: The owner of an audio store recived a shipment of portable stereos at a cost of $102.30 each.if he sells the stereos for 181.99 each, what is the percent of markup? round to the nearest whole percent

l vjbdwipfStep-by-step explanation:...

The owner of an audio store recived a shipment

dakotaadkins1818

15.03.2022

The percent of markup on each stereo is 78 %

Step-by-step explanation:

We are given:

Original cost of each stereo = $102.30

Selling price of each stereo = $181.99

Markup amount on each stereo = ($181.99 - $102.30) = $79.69

To calculate the percent of markup, we use the equation:

$\text{Percent of markup}=\frac{\text{Markup amount}}{\text{Original amount}}\times 100$

Putting values in above equation, we get:

$\text{Percent of markup}=\frac{\$79.69}{\$102.30}\times 100=77.90\% \approx 78\%$

Hence, the percent of markup on each stereo is 78 %

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