A discount store buys a shipment of designer rugs at a cost of $980 each. The designer rugs will be sold for $1,959 apiece. What is the mark-up, as a percentage?

Question

Round your answer to the nearest percent and include a percent sign (%).

Answer 1

The mark-up is equal to the selling price minus the cost price: $1,959 - $980 = $979.
To find the mark-up as a percentage, divide the mark-up by the cost price and multiply by 100: ($979 / $980) * 100 = 99.89%.
Rounded to the nearest percent, the mark-up is 100%.

Answer 2

Hector bought a funnel for $0.36 that was originally priced at $0.44. What is the discount, as a percentage?

Round your answer to the nearest percent and include a percent sign (%).

Answer 3

The discount is equal to the original price minus the sale price: $0.44 - $0.36 = $0.08.
To find the discount as a percentage, divide the discount by the original price and multiply by 100: ($0.08 / $0.44) * 100 = 18.18%.
Rounded to the nearest percent, the discount is 18%.