3 years ago

A candle costing $0.67 and selling for $0.98 find the markup

Mathematics

2 answers:

tia_tia [17]3 years ago

6 0

The markup of the candle price is 0.31

Yuki888 [10]3 years ago

5 0

Answer:

Mark up =0.46=46%.

Step-by-step explanation:

Mark up is the extra amount charged to a customer.

The formula to calculate Mark up is

Mark up = $\frac{Price - cost}{cost}$

It is given cost price of candle =$0.67 and selling price =$0.98.

Mark up = $\frac{0.98-0.67}{0.67} =0.46.$

0.46 when converted to percent is 0.46x100= 46%.

Mark upas a percent is 46%.

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