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16 July, 06:49

Kia thinks she can make her new product for $5.80. She plans to sell for $12. what is her percent mark up?

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  1. 16 July, 08:39
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    First, count the difference of the cost production and the selling cost

    difference = 12 - 5.8

    difference = 6.2

    Second, transform the difference to percentage

    percentage = difference/product cost * 100%

    percentage = 6.2/5.8 * 100%

    percentage = (620/5.8) %

    percentage = 106.9%

    The mark up cost is 106.9%
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