Find the percent of markup. Round to the nearest tenth
$31.00 to $35.00
Markup(M) = $35.00 - $31.00 = $4.00
% = $4.00/$31.00 = 0.129 or 12.9%
Is this right?
To find the percent of markup, you can use the following formula:
Markup % = (Selling Price - Cost Price) / Cost Price × 100%
Given that the cost price is $31.00 and the selling price is $35.00,
Markup % = (35.00 - 31.00) / 31.00 × 100%
= 4.00 / 31.00 × 100%
≈ 0.1290 × 100%
≈ 12.9%
Therefore, the percent of markup is approximately 12.9%.
To find the percent of markup, you need to find the difference between the selling price and the cost price (or the original price).
In this case, the cost price is $31.00 and the selling price is $35.00.
The difference between the selling price and the cost price is $35.00 - $31.00 = $4.00.
To find the percent of markup, divide the difference by the cost price and multiply by 100:
($4.00 / $31.00) x 100 ≈ 12.9
Rounding to the nearest tenth, the percent of markup is approximately 12.9%.