A store charges a restocking fee for any returned item based upon the item price. An item priced at $200 has a fee of $12. An it
em priced at $150 has a fee of $9.
What percentage of the item is a restocking fee?
1 answer:
Divide the restocking fee by the price of the item:
12/200 = 0.06
9/150 = 0.06
Multiply by 100 to get the percent:
0.06 x 100 = 6%
Answer: 6%
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