What is the missing number in the ratio table? 5 15 7 9 27 11 33 13 39
1 answer:
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It is given that the cost price of the MP3 player is $60 and the selling price is $105.
The markup is given by the formula:
Markup =
=
= 1.75 × 100
= 175%
Yes, the classmate is correct.
Hence, the markup is 175% and the classmate is correct.