Alexis T. answered 05/05/20
Physics Degree Tutor
Mark up: additional money you would play compared to price already given.
The equation for markup is
wholesale (original price) x markup (in decimal form)= makeup dollar amount (price increase)
Wholesale price+ markup dollar amount =new price
Original Price: 4.0
Markup:0.87
4.0 * 0.87= 3.48
Original Price: 4.0
Markup amount (in dollars) = 3.48
4.0+3.48 = $7.48