The cost to a distributor for a product is $32. The distributor sells the product for $90 to his customers. What is the markup rate? Be sure to round your answer to the nearest whole percent, e.g. 0.435 would be 44%.

To find the markup rate, we use the following formula:

\[
\text{Markup Rate} = \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \times 100
\]

Here:
- **Cost Price** = $32
- **Selling Price** = $90

Substituting the values:

\[
\text{Markup Rate} = \frac{90 - 32}{32} \times 100 = \frac{58}{32} \times 100 \approx 181.25\%
\]

Rounding to the nearest whole percent:

\[
\text{Markup Rate} = 181\%
\]

The markup rate is **181%**.

Would you like further details or have any questions?

Here are five related questions for further practice:
1. What would the markup rate be if the cost price was $50 and the selling price $120?
2. If the markup rate is 200% and the cost price is $40, what is the selling price?
3. How would the markup rate change if the cost increased to $40 but the selling price remained $90?
4. What is the formula for calculating the cost price given the selling price and markup rate?
5. How does a discount on the selling price affect the markup rate?

**Tip:** To quickly estimate a markup, divide the difference between the selling price and cost price by the cost price, then multiply by 100!

Learn how to calculate the markup rate for a product where the cost price is $32, and the selling price is $90. The solution involves percentage calculations and key formulas, making it suitable for students in Grades 6-8. Round your answer to the nearest whole percent.

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