If Wal-mart sells a product that cost $2 to make for $6.50, what is the percentage increase??
I hope that makes sense to you all. If you know the formula for this, please let me know.
2006-08-26 15:26:36 · 7 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
225%
2006-08-26 15:29:58 · answer #1 · answered by Pascal 7 · 0⤊ 1⤋
The trick to these sorts of problems is to set up a proportion.
Set up the proportion in this way:
percent increase or decrease / 100 = sales price / cost
In your case, the sales price is $6.50 and the cost is $2. Let's call the percent increase x. So, the proportion looks like this:
x / 100 = 6.50 / 2
To solve for x, we need to cross multiply and divide:
2x = 650
x = 650 / 2
x = 325
Thus, the percent increase is 325%.
To check the answer:
2*3.25 = 6.5
which is what we wanted.
2006-08-26 15:36:53 · answer #2 · answered by dramaman22 3 · 0⤊ 0⤋
The important point is that percentages are usually measured by looking at the change from the "old" value to the "new" value. And the formula for the change is "(new - old)/old". Since we want percentage, we also multiply by 100 to get 225%.
This type of approach is important when thinking about stocks. If you had $100 in stocks and he price dropped to $50, what was the percentage decrease? -50%. How much would the stock market have to go back up for you to recoup your losses? +100%.
2006-08-29 13:32:16 · answer #3 · answered by ecspert 2 · 0⤊ 0⤋
225%.. every $2 increase is 100% and the .50 is 25% of 200%... LOL make sense?
2006-08-26 15:33:52 · answer #4 · answered by pink9364 5 · 0⤊ 1⤋
6.50 - 2 = 4.5
4.5/2 = 2.25 = 225% increase
2006-08-26 15:31:18 · answer #5 · answered by Marcella S 5 · 0⤊ 1⤋
225% increase!!! Not bad!!!6.50 - 2= 4.50.....then 4.50 divided by 2= 225%...that's how i came up with that!!!
2006-08-26 15:34:31 · answer #6 · answered by sweet 4 · 0⤊ 1⤋
%325.00 markup
2006-08-26 15:30:16 · answer #7 · answered by turtle 2 · 1⤊ 0⤋