29. a flat screen tv cost elite electronics $400 from the manufacturer. elite will sell the tv to customers…

29. a flat screen tv cost elite electronics $400 from the manufacturer. elite will sell the tv to customers for $650. calculate the markup.\n30. jenna’s jackets purchases a windbreaker for $20 from a manufacturer. jenna’s plans to sell the windbreaker to customers for $35. what is the rate of markup?

29. a flat screen tv cost elite electronics $400 from the manufacturer. elite will sell the tv to customers for $650. calculate the markup.\n30. jenna’s jackets purchases a windbreaker for $20 from a manufacturer. jenna’s plans to sell the windbreaker to customers for $35. what is the rate of markup?

Answer

29.

Explanation:

Step1: Define markup formula

Markup = Selling price - Cost price

Step2: Identify values

Selling price = $650, Cost price = $400

Step3: Calculate markup

Markup = $650 - $400 = $250

Answer:

$250

30.

Explanation:

Step1: Define rate - of - markup formula

Rate of markup = $\frac{\text{Selling price}-\text{Cost price}}{\text{Cost price}}\times100%$

Step2: Identify values

Selling price = $35, Cost price = $20

Step3: Calculate rate of markup

Rate of markup = $\frac{35 - 20}{20}\times100%=\frac{15}{20}\times100% = 75%$

Answer:

$75%$