Question

The cost to a store for a a box of cereal is $2.50. The store is selling the box of cereal for $3.50. What is the percent markup?

Answer 1

The answer is 28% ...

Answer 2

If the store bought it for $2.50 and they are selling it for $3.50
They marked up the box by $1
1/2.50 = 0.4
which is a 40% markup