Question

The selling price of a box of crackers is $1.75 You mark the crackers up to $2.54 . What is the markup percentage?

Answer 1

The markup percentage is 45.14%

Step-by-step explanation:

The given is:

• The selling price of a box of crackers is $1.75
• You mark the crackers up to $2.54

We need to find the markup percentage

The markup percentage = $\frac{New-Old}{old}$ × 100%

∵ The selling price of a box of crackers is $1.75

∴ Old = 1.75

∵ You mark the crackers up to $2.54

∴ New = 2.54

- Substitute these values in the rule above

∵ The markup percentage = $\frac{2.54-1.75}{1.75}$ × 100%

∴ The markup percentage = $\frac{0.79}{1.75}$ × 100%

∴ The markup percentage = 0.4514 × 100%

∴ The markup percentage = 45.14%

The markup percentage is 45.14%

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Answer 2

Answer:

The markup percentage is 45%.

Step-by-step explanation: