Tracking a change over time.
These two claims about markup and margin are <u>equivalent</u> because they discuss differently the same issue.
<h3>What are markup and margin?</h3>
A markup is a profit percent added to the cost price to determine the selling price. Thus, markup relates the percentage of profit to the cost price.
The profit margin relates the percentage of profit to the selling price.
<h3>Data and Calculations:</h3>
Selling price = 100%
Profit margin = 25%
Cost price = 75% (100% - 25%)
Markup = 33% (25%/75% x 100)
Thus, these two claims about markup and margin are <u>equivalent</u>.
Learn more about margin and markup at brainly.com/question/13248184
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Answer: $ 10,988.25
Step-by-step explanation:
Hi, to answer this question, first we have to multiply the original number of students scheduled to go to the trip (420) by the added students’ percentage (15%) in decimal form (divided by 100)
420 x (15/100) = 420 x 0.15 = 63 students added
Adding the number of extra students to the original number:
420+63 = 483 students (total number of students)
Finally, we have to multiply the result by the cost of each admission ticket (22.75)
483 x 22.75 = $ 10,988.25