The IPhone 7 costs about $220 for Apple to make, but they cost about $700 in stores. What is the markup percentage of the IPhone
2 answers:
Answer:
The markup percentage of the IPhone 7 is $218.18%.
Step-by-step explanation:
The IPhone 7 costs for Apple to make = $220
The cost in stores = $700
The difference between costing price and selling price = 700 -220 = $480
The markup percentage of the IPhone 7 = × 100
= $218.18
The markup percentage of the IPhone 7 is $218.18%.
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Step-by-step explanation:
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