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21 October, 01:40

Store owner buys hoodie for 16 dollars and sells it for 72 dollars what is the percent of the markup

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Answers (2)
  1. 21 October, 01:44
    0
    This is an example of a percent change question.

    Formula: new price - old price / old price

    = 72-16/16

    = 56/16

    = 3.5

    Multiply by 100%.

    3.5 * 100% = 350%

    Therefore, the hoodie was marked up 350%

    Best of Luck!
  2. 21 October, 01:54
    0
    350% mark up

    Step-by-step explanation:

    To find the percent markup

    Take the new price and subtract the original price

    72-16 = 56

    Then divide by the original amount

    56/16

    3.5

    Change to percent form

    350%
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