$0.60 bottle of iced tea marked up to $1.35
2 answers:
The answer is 0.81 since you have to (x) 0.60x 1.35=0.81
Than you divide 0.81÷0.60
complete question:
$0.60 bottle of iced tea marked up to $1.35. Find the percentage markup.
Answer:
percentage markup = 125%
Step-by-step explanation:
$0.60 bottle of iced tea marked up to $1.35. The marked up percentage can be calculated as follows:
1.35/0.60 = p/100
2.25 = p/100
2.25 = p/100
multiply both sides by 100
2.25 × 100 = p
225%
Therefore the mark up is 225 - 100 = 125%
percentage markup = 125%
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