The cost to a distributor for a product is $36. The distributor sells the product for $67 to the customers. 1. What is the amount of the markup? Markup = $ 2. What is the markup based on the cost (expressed as a percentage)? Round the answer to two decimal places. Markup based on Cost = %

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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The cost to a distributor for a product is $36. The distributor sells the product for
$67 to the customers.
1. What is the amount of the markup?
Markup = $
2. What is the markup based on the cost (expressed as a percentage)? Round the
answer to two decimal places.
Markup based on Cost =
%
Transcribed Image Text:The cost to a distributor for a product is $36. The distributor sells the product for $67 to the customers. 1. What is the amount of the markup? Markup = $ 2. What is the markup based on the cost (expressed as a percentage)? Round the answer to two decimal places. Markup based on Cost = %
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