Answer:
Markup amount = sellingprice - costprice
=12.50 - 5 = 7.5 is markup
Answer: Markup %: 150% and Markup: 7.5
Hope this helps, mark me brainliest to help me out!
Step-by-step explanation:
Formula:
New cost - Original cost
___________________ = % Markup
Original cost
---------------------------------------------------------------------------
12.50 - 5
___________________ = % Markup
5
---------------------------------------------------------------------------
7.5
___________________ = % Markup
5
---------------------------------------------------------------------------
7.5
___________________ = 1.5
5
---------------------------------------------------------------------------
7.5
___________________ = 150%
5
