Answer:
Step-by-step explanation:
Answer:
The markup rate on each box=41%
Step-by-step explanation:
The markup rate is the additional price that a good is sold at expressed as a percentage. This can be expressed as;
R={(S-C)/C}×100
where;
R=markup rate
S=selling price
C=cost
In our case;
R=unknown
S=$20.50
C=$14.50
replacing;
R={(20.5-14.5)/14.5}×100
R=(6/14.5)×100
R=41.38% rounded off=41%
The markup rate on each box=41%
Answer:
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Step-by-step explanation:
