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If Abigail purchased a phone for $245 and sells it for $262: a. Calculate the rate of markup. % Round to two decimal places if necessary b. Calculate the margin. % Round to two decimal places if necessary

If Abigail purchased a phone for $245 and sells it for $262: a. Calculate the rate of markup. % Round to two decimal places if necessary b. Calculate the margin. % Round to two decimal places if necessary

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter1: Foundations
Section1.7: Decimals
Problem 1.214TI: Convert each decimal to a percent: (a) 0.41 (b) 2.25 (c) 0.0925.
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Question 8 of 15 If Abigail purchased a phone for $245 and sells it for $262: a. Calculate the rate of markup. % Round to two decimal places if necessary b. Calculate the margin. Round to two decimal places if necessary
Transcribed Image Text:Question 8 of 15 If Abigail purchased a phone for $245 and sells it for $262: a. Calculate the rate of markup. % Round to two decimal places if necessary b. Calculate the margin. Round to two decimal places if necessary
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