a toy store orders jigsaw puzzles for 3 and sells them for 4.50, what is the percent of markup? Round your answer to the nearest tenth of a percent, if necessary a) 20% b) 33.3% c) 50% d) 66.7

Question

Sanaa Callahan

Mathematics

8 November, 23:25

a toy store orders jigsaw puzzles for 3 and sells them for 4.50, what is the percent of markup? Round your answer to the nearest tenth of a percent, if necessary a) 20% b) 33.3% c) 50% d) 66.7

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Answers (1)

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Dolly · Answer 1

C

Step-by-step explanation:

THe markup is the difference between the Selling Price and Cost.

As a percentage, we would get the markup in terms of cost.

First,

Selling Price = 4.50

Cost = 3.00

So,

Markup = SP - Cost = 4.50 - 3.00 = 1.50

As a percentage, we would divide the markup by cost and then multiply the answer by 100. That's:

1.50/3 = 0.5 * 100 = 50%

THe markup is 50%

C is the correct answer.