Question

If the selling price of a tie is $\$50$ and the cost price of tie is $\$30$. Find the markup

• A. $\$10$
• B. $\$30$
• C. $\$80$
• D. $\$20$

Answer 1

The correct option is D $\$20$

Markup is the amount added to the cost price of goods to cover expenses and profit.

$\therefore \text{Markup}=\text{Selling price}-\text{Cost price}$
$=\$50-\$30$
$=\$20$