To find the markup percentage, we first need to calculate the total cost, total revenue, and total profit.
Total cost = $2.25 per bumper sticker x 80 stickers = $180
Total revenue = $400 + $180 (total cost) = $580
Total profit = $400
Now, we can calculate the markup percentage:
Markup = Total revenue - Total cost = $580 - $180 = $400
Markup percentage = (Markup / Total cost) x 100
Markup percentage = (400 / 180) x 100
Markup percentage ≈ 222.22%
Maria marked up the cost of each bumper sticker by approximately 222.22% to make her total profit.
Maria sold bumper stickers to raise money for a public library.
She paid $2.25 to make each bumper sticker and then sold each bumper sticker at a marked-up price to make a profit.
She sold all $80 bumper stickers that she had made.
She made a total profit of $400 .
What is the approximate percent Maria marked up the cost of each bumper sticker to make her total profit?
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