A camera shop purchases a camera for $56.98 and sells it for $102.56. What is the percent of markup?
1 answer:
Answer:
180%
Step-by-step explanation:
Set up an equation:
Variable x = percent of markup
102.56/56.98 = x/100
Cross multiply
102.56 × 100 = 56.98 × x
10,256 = 56.98x
Divide both sides by 56.98:
179.99297.... = x
Round to nearest whole number:
180 = x
Check your work:
56.98 × 180%
Convert the percentage into a decimal:
56.98 × 1.80
102.564
Round to nearest cent:
102.56
Correct!
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