A good is bought wholesale for $50.00 and then sold for $75.00. What is the markup rate?

Markup Amount = Final Price - Original Price

Markup Amount = $75.00 - $50.00

Markup Amount = $25.00

Let us define our rate as (x)

Markup Amount = Original Price(x)

x = | Markup Amount |

Original Price |

x = | $25.00 |

$50.00 |

x = 0.5

Markup Percentage = 100 x 0.5 =