A bicycle shop buys a new bike for $350 and sells it for $455. What is the % of increase after the markup?

Question:What is the amount of the markup?
and
What is the percent of increase after the markup?

Answers:

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The percent of the markup is 30%. 350x.30=105 The markup 455-350=105 So the markup is 30% of the original price.

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$105
23.33%

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23.08%

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You have forgotten to take into account the cost of labor for putting the bike together. The cost of labor for a qualified bike mechanic varies by market, but realistically in the US you are looking at $15-18 per hour and most manufacturers expect a bike to be built somewhere between .75 to 1.5 hours, so while I won't get into the markups as the others have, one major factor is being left out of your calculation, just thought I would share that!

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I hope your not doing any math homework on sports1234.com .

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