Question

Bag of bird seeds that only cost $22.25 is marked up to 25.30.what is the percent markup

Answer 1

To get the answer to this problem, first we have to subtract the marked up cost to the cost of the product. So we first minus 25.3 and 22.25. When we do this, we will get a difference of 3.05. This is the profit that you will earn. So after that, we have to divide 3.05 and 25.30 to get the mark up percentage. When we do this, we will get an answer of 0.12. So in order to convert that into a percentage, we just have to multiply it by 100 and we will get 12%.