Calculating the Percent Markup Based on Selling Price

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The calculation of percent markup based on selling price is the same as that for percent markup based on cost except that the base (the denominator) changes from cost to selling price.

Finding percent markup is a rate problem using the now familiar percentage formula Rate = Portion ÷ Base. For this application of the formula, the percent markup based on selling price is the rate, the amount of the markup is the portion, and the selling price is the base.
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But why would we calculate based on selling price is what I don't get. The why is more important than the how.

lubucao
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base is not selling price . it should be cost price. 108.33% is the answer.

jn.lbtq