Question

kia thinks she can make her new product for $5.80. She plans to sell for $12. what is her percent mark up?

Answer 1

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%