Question

Help me pleasee i really need help

Answer 1

For ALL of these....use these formulas...

Finding Markup%

Markup=Selling Price-Cost

Markup%= $\frac{Markup}{Cost}*100$

1.) Recliner Chair.   Cost=$61  Sell Price=$75.99

Markup= $75.99-$61
M=$14.99

Markup%= $\frac{14.99}{61} *100$

Markup%=24.5%  (Markup less than 25%)

2.) Basket Ball.    Cost=$23.75  Selling Price=$29.95

Markup= $29.95-$23.75
M=$6.20

Markup%=$\frac{6.20}{23.75} *100$

Markup%=26.1 (Markup greater than 25%)

3.) Necklace.  Cost=$15  Selling Price=$19.25

Markup= $19.25-$15
M=$4.25

Markup%=$\frac{4.25}{15}*100$

Markup%=28.3 (Markup greater than 25%)

4.)Notepad.  Cost=$1.19  Selling Price=$1.50 

Markup=$1.50-$1.19
M=$0.31

Markup%=$\frac{0.31}{1.19}*100$

Markup%=26.1 (Markup greater than 25%)

5.)Speakers.  Cost=$44.55  Selling Price=$54.99

Markup=$54.99-$44.55
M=$10.44

Markup%=$\frac{10.44}{44.55} *100$

Markup%=23.4 (Markup less than 25%)

6.) DVD.  Cost=$10.80  Selling Price=$12.95

Markup=$12.95-$10.80
M=$2.15

Markup%=$\frac{2.15}{10.80}*100$

Markup%=19.9 (Markup less than 25%)

I hope this benefits other people in the future. :D