Question

The Key Club is selling nachos at the football game to raise money for the club's activities. The club received good prices for the ingredients from the local stores, so each serving of nachos costs them only $0.50. The members plan to sell each serving of nachos for $1.25. What percent markup is in this price?

Answer 1

150% is the percent markup of the price based on the cost.

Price    :  1.25
Cost     :  0.50
Mark up:  0.75

0.75 / 0.50 = 1.50 * 100% = 150%