Math Mark Ups

Ms. Bales, Math Class, First Block

This Polo Ralph Lauren Official Olympic sweater was purchased from Ralph Lauren for $595. There were only 324 made. This sweater is now SOLD OUT and sells for $3995 on Ebay. What was the percent of Mark Up?

Official Sochi 2014 Olympic Outfir

Step 1: Underline the key information in the problem.

This Polo Ralph Lauren Official Olympic sweater was purchased from Ralph Lauren for $595. There were only 324 made. This sweater is now SOLD OUT and sells for $3995 on Ebay. What was the Percent of Mark Up?

Step 2: Fill in the chart using the information you identified in a STEP 1.

Final step: Determine % MarkUp

In order to determine the % markup! I need to use the formula:

% Markup= amount of markup/ original

I then need to divide my numbers and change my answer to a percent.

The Sweater Sold for a Profit of $3400 or a MARKUP of 571%!