The sale price of a jacket is 77% of its original price. The jacket originally costs $87. Which expression gives the most reason
2 answers:
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Answer:
The markup rate is 51% on the cost
Step-by-step explanation:
Price of book = 7.99
Cost to the store = 5.29
The markup rate is a term used to figure what percentage is added on to the cost of the item to find its selling price.
If we subtract cost from the price we will know how much is added to actual cost: 7.99 - 5.29 = 2.7
Markup rate is 0.51*100 = 51%