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25 October, 08:42

It costs Charlie's Car Repair Shop $27 to change the oil. The shop charges their customers $40 for an oil change. What is the percent of markup in the cost of an oil change?

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  1. 25 October, 08:54
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    Markup on cost = ((selling price) / (cost) - 1) * 100%

    ... = (40/27 - 1) * 100%

    ... ≈ 48.1%
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