What is a possible value for the missing term of the geometric sequence ?
1 answer:
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Answer:
The markup percentage is 61.2
Step-by-step explanation:
Given as :
The cost price of each ornaments = $23
The sell price of each ornament = $37.08
Let The markup percentage = x
<u>Now, According to question</u>
Markup percentage = × 100
Or, x% =
Or, x% =
Or, x% = 0.612
∴ x = 0.612 × 100
I.e x = 61.2
So, The The markup percentage = x = 61.2
Hence, The markup percentage is 61.2 Answer