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?

Question

Mathematics

Kayden Alexander

8 January, 07:41

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?

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Answers (2)

Know the Answer?

Gilbert · Answer 1

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.

Dalia Rosales · Answer 2

The difference is 9.95 - 7.45 = 2.5

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