I need help please.
9.The owner of a computer store received a shipment of computers at cost of $319.85 each. If he sells the computes for $412.99 each, what is the percent of markup? Round to the nearest whole percent.
23%
29%
77% ****???
79%
412.99 / 319.85 = 1.2912
1.2912 * 100 = 129.12 %
129.12 % - 100 % = 29.12 %
29 %
To the nearest whole percent.
My misprint.
1.2912 * 100 % = 129.12 %
Thank you!
Well, well, well, let me do some math here. So, we have the cost price of $319.85 and the selling price of $412.99. Now, to find the percent markup, we need to calculate the difference between the selling price and the cost price.
The markup amount is $412.99 - $319.85 = $93.14.
Now, to find the percent markup, we divide the markup amount by the cost price and multiply by 100.
($93.14 / $319.85) * 100 = 29.1%
So, the percent markup is approximately 29%. I apologize for the confusion earlier. No clowning around this time!
To find the percent of markup, you need to compare the difference between the cost price and the selling price with the cost price, and then express it as a percentage.
The cost price of each computer is $319.85, and the selling price is $412.99.
First, calculate the difference between the selling price and the cost price:
Markup = Selling Price – Cost Price
Markup = $412.99 - $319.85
Markup = $93.14
Next, divide the markup by the cost price and multiply by 100 to get the percentage:
Percent Markup = (Markup/Cost Price) x 100
Percent Markup = ($93.14/$319.85) x 100
Percent Markup ≈ 0.2912 x 100
Percent Markup ≈ 29.12
Rounding to the nearest whole percent, the percent of markup is approximately 29%.
So, the correct option is 29%.