a store marks up its prices 25%.In other words,whatever the store pays for an item,it adds 25%to find the the price the costumer will pay.My husband says that if you know the price of the item,you can divide by 5 to estimate the markup?does it help to think of the price as 100%?please explain your thinking ,only smart answers please
2007-09-06 01:22:31 · 4 answers · asked by Anonymous in Education & Reference ➔ Homework Help
If your husband meant that you know the NEW price of the product, than he is correct. You're looking at different sides of an answer here. Percents and fractions change on other sides of an equation.
25%+25%+25%+25%=125% or
1/4+1/4+1/4+1/4+1/4+=5/4
both have five pieces so
one piece is equal to 20% or 1/5
Maybe the fractions will help it make more sense.
2007-09-06 02:22:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well here it is 6 minutes and no smart answers.
Theory of 5 is incorrect.
$100.00
X25%=$25.00
$100.00/5=$20.00
My thinking 25% is 1/4
/5=20% or 1/5
So if you divide by 4 you will get the 25%
2007-09-06 01:35:38 · answer #2 · answered by LucySD 7 · 1⤊ 0⤋
The new 100% is 125 units.
Divide by one fifth (20%) to find the mark up.
2007-09-06 02:00:38 · answer #3 · answered by Bart S 7 · 0⤊ 0⤋
i think of that when i think of of questioning, i think of that i think of its a very difficult factor to think of think of roughly. i'm now questioning of questioning of ways i think of im going to think of myself out of an exploding head :S
2016-10-19 22:42:43 · answer #4 · answered by ? 4 · 0⤊ 0⤋