Question

The cost to a store for a box of cereal is $2.50. The store is selling the box of cereal for $3.50. What is the percent of markup? Pls Show Work Thx :)

Answer 1

Well, the cereal cost 2.5, and the store is selling for 3.5, so is 1 buck more.

if we take 2.5 to be the 100%, what is 1 off of it in percentage?

$\bf \begin{array}{ccll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 2.5&100\\ 1&p \end{array}\implies \cfrac{2.5}{1}=\cfrac{100}{p}\implies p=\cfrac{1\cdot 100}{2.5}\implies p=\stackrel{\%}{40}$