Question
At the hardware store , you buy hammers for $ 30 a dozen. And sell them for $ 3.50 each. What is the percent mark up for the hammers?
Answers
Ms. Sue
30 / 12 = $2.50 each
1/2.5 = 0.4 = 40% markup
1/2.5 = 0.4 = 40% markup