Question

If the cost of the materials for a basic bar of soap is $2.50 and Lyndi sells each bar of soap for $4.50, what is the markup percent?
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Answer 1

Answer:

80%

Step-by-step explanation:

Cost of materials for a bar of soap = $ 2.50

Selling price for a bar of soap = $ 4.50

Markup percent = $\frac{selling\ price\ per\ unit - cost\ per\ unit}{cost\ per\ unit} \times 100$

Markup percent = $\frac{4.50-2.50}{2.50} \times 100$

= $\frac{2}{2.50} \times 100$

= $\frac{200}{250} \times 100$

= $20 \times 4$

= 80%