Question

A box of 24 greeting cards is sold at a gift shop for $3.00. The cost to the store is $2.40. What is the markup as a percentage of cost?

Answer 1

Answer:

25% markup

Step-by-step explanation:

To do this you must know the formula

absolute value of ( original-new)/original

In this problem the original is 2.4

2.4-3.00=-0.6, but take absolute value=0.6

0.6/2.4 = 0.25

0.25 as a percent is 25%

I hope this helped!