Since you always I the right Answer I''m going to ask you:
Find the percent of markup for wheelbarrow marked up from $89.10 to $129.50. Round your answer to the nearest tenth of a percent.
How do I solve???
How do you think you should solve this?
um I don't know I try subtract but I do not know how to find the percent....
Divide the difference by 89.1.
Change the decimal answer to a percent.
http://www.skillsyouneed.com/num/percent-change.html
Thanks Reed and Ms. Sue Why divide by 89.1?
You want to know what the markup is so you take the wholesale price.
To find the percent of markup, you need to determine the difference between the selling price and the original cost, and then divide it by the original cost. Here are the steps to solve this problem:
1. Subtract the original cost from the selling price: $129.50 - $89.10 = $40.40.
2. Divide the difference by the original cost: $40.40 / $89.10 = 0.4537.
3. Multiply the result by 100 to convert the decimal to a percentage: 0.4537 * 100 = 45.37%.
4. Round the answer to the nearest tenth of a percent: 45.37% rounds to 45.4%.
Therefore, the percent of markup for the wheelbarrow is approximately 45.4%.