markup question?

1 ⤊

An item costing $16.00 is sold for $27.50. Find
a.markup
b.per cent of markup on cost
c.per cent of markup on selling price

2007-06-03 12:07:29 · 3 answers · asked by shannyn0424 1 in Science & Mathematics ➔ Mathematics

3 answers

a) Markup = 27.50 - 16 = $11.50

b) Percent Markup on Cost = 11.50/16.00 = .71875 = 71.875%

c) Percent Markup on Selling Price: = 11.50/27.50 = .41818 = 41.818%

2007-06-03 12:17:22 · answer #1 · answered by suesysgoddess 6 · 1⤊ 0⤋

a. Markup = 27.50-16 = $11.50
b. 11.5/16 = .7187 = 71.9%
c. 11.5/27.5 = .418 = 41.8%

2007-06-03 19:21:07 · answer #2 · answered by ironduke8159 7 · 0⤊ 0⤋

a. $27.50-$16.00=$11.50.
b. $11.50/$16.00= 72%
c. $27.50/$16.00=172%

2007-06-03 19:27:23 · answer #3 · answered by mikecraig11 4 · 0⤊ 0⤋