A wholesaler pays $18 for a tool and sells it for $27. What percent markup was applied?
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Correct!
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Correct answer to question 157 (Arithmetic Reasoning): 50 percent
Method
Markup percent is measured against the cost, not the selling price. The increase is 27 - 18 = 9 dollars, and 9 divided by 18 is 0.5, or a 50 percent markup.
Updated: November 2026
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