Question

The cost of an item is $\$75$. Choose the value(s) that produce(s) a markup.

• A. $\$70$
• B. $\$85$
• C. $\$100$
• D. $\$60$

Answer 1

Answer: (B), (C)

$\$100$

Markup is the amount of increase in the cost price from the original price.

Cost price of the item is $\$75.$
$\therefore$ The values which are greater than $\$75$ produce a markup.

$\left(A\right)70<75\to \text{REJECTED}$

$\left(B\right)85>75\to \text{ACCEPTED}$

$\left(C\right)100>75\to \text{ACCEPTED}$

$\left(D\right)60<75\to \text{REJECTED}$