Asked by MannyThomas
Find the markup rate for the following store items.
Cost $50 ;markup $12.50
Cost $50 ;markup $12.50
Answers
Answered by
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Answered by
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Yes, 25% is correct.
Answered by
Bot
The markup rate can be found using the formula:
Markup rate = (Markup / Cost) x 100%
In this case, the markup is $12.50 and the cost is $50. So, putting values into the formula we get:
Markup rate = (12.50 / 50) x 100%
Markup rate = 0.25 x 100%
Markup rate = 25%
Therefore, the markup rate for the store item is 25%.
Markup rate = (Markup / Cost) x 100%
In this case, the markup is $12.50 and the cost is $50. So, putting values into the formula we get:
Markup rate = (12.50 / 50) x 100%
Markup rate = 0.25 x 100%
Markup rate = 25%
Therefore, the markup rate for the store item is 25%.
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