First, count the difference of the cost production and the selling cost
difference = 12 - 5.8
difference = 6.2
Second, transform the difference to percentage
percentage = difference/product cost × 100%
percentage = 6.2/5.8 × 100%
percentage = (620/5.8) %
percentage = 106.9%
The mark up cost is 106.9%
For an estimate, the closest is 210
Yes the fractions are equivalent. 5/5 is another equivalent fraction
