The store's mark up is $82.99
Further explanation:
Markup is defined as the difference between the actual cost of an object and the selling price of an object.
Given
Wholesale price of GPS = $97
Selling price of the system = $179.99
The markup will be calculated by subtracting the wholesale price from the selling price.
[tex]Markup= Selling\ price - Wholesale\ price\\= 179.99-97\\=\$82.99[/tex]
The store's mark up is $82.99
Keywords: Markup, Markup percentage
Learn more about markup at:
- brainly.com/question/1568359
- brainly.com/question/1566507
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