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26 March, 02:10

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

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  1. 26 March, 02:24
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    Cost Price for oil change = $27

    Charge for the customers = $40

    Markup cost = Difference between selling price and cost price = $40-$27=$13

    To find the percent of markup, divide the markup cost by the cost price and multiply it by 100.

    Markup percent = (13/27) * 100

    =48.15%
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