A TV is marked up from $200 to $300.
What will be an ideal response?
The change is from $200 to $300, so: v1 = 200 and v2 = 300 f = v21 vi c = (fâ 1) *100
f= 300 / 200 = 1.5
c = (1.5 â1) * 100 c = 50% (increase)
The $300 price represents a 50% markup of the $200 price.
Note: When you reverse v1 and v2 you get a different percentage change.
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