totsakans bike shop rents bikes for $15 plus $7 per hour. Ming paid $50 to rent a bike. for how many hours did she rent the bike
1 answer:
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It is given that the cost price of the MP3 player is $60 and the selling price is $105.
The markup is given by the formula:
Markup =
=
= 1.75 × 100
= 175%
Yes, the classmate is correct.
Hence, the markup is 175% and the classmate is correct.