Asked by Amileea
a store buys a sweater for $25.00 and sells it for $35.00. find the percent of markup.can somebody please explain how to find the answer?I don't understand how to do this .
Answers
Answered by
MathMate
Mark-up percentage equals
(selling price-cost price)/(cost price).
For example, if I buy a case of oranges for $25 and sell it for $30, the mark-up is ($35-30)=$5 and the percentage mark-up is
$5/$25=20%.
(selling price-cost price)/(cost price).
For example, if I buy a case of oranges for $25 and sell it for $30, the mark-up is ($35-30)=$5 and the percentage mark-up is
$5/$25=20%.
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