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30 May, 14:01

Last year the vending machine sold drinks for $1.25. This year the price is $1.50. What is the percent of markup?

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  1. 30 May, 17:13
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    The percent of markup is 20%

    Step-by-step explanation:

    Selling price of the drink = $1.50

    Cost of the drink last year = $1.25

    Percent of markup = (selling price - cost) (100) / cost

    Percent of markup = (1.50 - 1.25) (100) / 1.25

    = 0.25 (100) / 1.25

    = 25/1.25

    = 20%

    The percent of markup is 20%
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