What was the mark up percent on a 217.50 item if the purchase price was 150

The markup percent was 45%.

Step-by-step explanation:

You can use the following formula to calculate the mark up percentage:

Markup percentage= ((Selling price – unit cost) / unit cost)*100%

Selling price= $217.50

Unit cost= $150

Now, you can replace the values on the formula:

Markup percentage= ((217.50-150)/150)*100

Markup percentage=(67.5/150)*100

Markup percentage=0.45*100

Markup percentage=45%

According to this, the answer is that the markup percent was 45%.

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

the first option i believe

step-by-step explanation: