Question

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

Answer 1

The markup of the candle price is 0.31 

Answer 2

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%.