Question

Miday Quong is buying bagels for her coworkers. She buys a dozen bagels priced at $4.42 a dozen. The bakery’s cost for making the bagels is $2.25 per dozen. What is the markup rate on a dozen bagels?
4.42 - 2.25 = ?
the markup is 4.42-2.25 = 2.17
The markup <u>rate</u> is 2.17/2.25 = 0.96 = 96%

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