## A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?

Question

A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?

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Mathematics
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2021-07-22T20:39:49+00:00
2021-07-22T20:39:49+00:00 1 Answers
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## Answers ( )

Answer:markup 75%

Step-by-step explanation:The difference in prices is $70-$40=$30.

So, we need to find what percentage of 40 is 30. We do this by dividing: 30/40=0.75, which is 75%. So, the markup is 75%.