Find the markup rate for the following store items.

Cost $50 ;markup $12.50

3 answers

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%.
a
Yes, 25% is correct.