palosesa7stproutmy palosesa7stproutmy

04-05-2016
Mathematics

Answered

If an article costs a store $7.45 and if it sells the article for $9.95, what percentage (to the nearest tenth) markup is it using?

Verified Answer :

meerkat18 meerkat18

10-05-2016

Given:
cost = 7.45
selling price = 9.95

9.95 - 7.45 = 2.50 mark up

2.50 / 7.45 = 0.3355
0.3355 * 100% = 33.55% or 33.6% is the percentage of mark up to the nearest tenth.

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Edufirst Edufirst

10-05-2016

The difference is 9.95 - 7.45 = 2.5

That represents (2.5/7.45) *100% = 33,6%.

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