Given:
Cost of bike = $252
Markup % = 60%
To find:
The markup and retail amount.
Solution:
According to the question,
Markup = 60% of cost of bike
[tex]Markup=\dfrac{60}{100}\times 252[/tex]
[tex]Markup=0.6\times 252[/tex]
[tex]Markup=151.2[/tex]
Now,
[tex]\text{Retail amount}=\text{Cost + Markup}[/tex]
[tex]\text{Retail amount}=252+151.2[/tex]
[tex]\text{Retail amount}=403.2[/tex]
Therefore, the amount of Markup is $151.2. The retail amount is $403.2.
