Part A: Nails by Nina sells nail polish in a package of three for $21.88. If Nina purchased the polish trio packs for $14 each,
what is the percentage of markup based on cost, rounded to the nearest tenth of a percent? Show your work.
1 answer:
Answer:
56.3%
Step-by-step explanation:
The ratio of the selling price to the cost is ...
21.88/14 = 1.562857...
That is, 0.562857... of the original cost has been added to that cost. This markup amounts to about ...
0.562857 × 100% ≈ 56.3%
of the cost.
The markup percentage is about 56.3%.
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