Irene Westing bought a desk for $800 from an office supply house. She plans to sell the desk for $1,200. What is Irene's dollar markup? What is her percent markup on selling price

Question

 Irene Westing bought a desk for $800 from an office supply house. She plans to sell the desk for $1,200. What is Irene's dollar markup? What is her percent markup on selling price 

Answer 1

800 to 1200 is a $400 mark up

and a 50% markup

400/800 = 1/2 = .5 = 50%