Answer:
The markup rate on each box=41%
Step-by-step explanation:
The markup rate is the additional price that a good is sold at expressed as a percentage. This can be expressed as;
R={(S-C)/C}×100
where;
R=markup rate
S=selling price
C=cost
In our case;
R=unknown
S=$20.50
C=$14.50
replacing;
R={(20.5-14.5)/14.5}×100
R=(6/14.5)×100
R=41.38% rounded off=41%
The markup rate on each box=41%
Answer:
a
12=
−
3
n
2
−
n
Step-by-step explanation:
Answer:
cost price = 5000 rs.
selling price = 6500 rs.
as selling price > cost price there is a profit
profit = selling price - cost price = 6500 - 5000 = 1500 rs.
profit percentage = profit x 100 / cost price = 1500 x 100 / 5000 = 30 %
