Math Problem Statement
A store has a markup rate of 150% on the cost of their watches. They sell each watch for $435.
Calculate the amount of markup on each watch.
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Markup
Algebra
Formulas
Markup = Selling Price - Cost Price
Selling Price = Cost Price × (1 + Markup Rate)
Theorems
-
Suitable Grade Level
Grades 6-8
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