Percent Markup Based on Cost Amount of Item Cost Selling price Markup Hat $27.75 $30.00 %24

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
Percent Markup
Based on Cost
Amount of
Item
Cost
Selling price
Markup
Hat
$27.75
$30.00
Transcribed Image Text:Percent Markup Based on Cost Amount of Item Cost Selling price Markup Hat $27.75 $30.00
Expert Solution
Step 1

Formula Used:

Markup = Selling price - cost

Markup percent=Markupcost×100

 

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