Robert Williams runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.60, which she sells for$2.67. What is Robert's markup percentage on a bag of popcorn? (Round answer to O decimal places, e.g. 25%.)%Markup percentage

Name: Robert Williams runs a popcorn stand in the local amusement park. Her
Uploaded: 2024-03-05T11:52:21.000Z
Channel: Bartleby
Description: Robert Williams runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.60, which she sells for$2.67. What is Robert's markup percentage on a bag of popcorn? (Round answer to O decimal places, e.g. 25%.)%Markup p

Answered: What is Robert's markup percentage on a…

Math

Advanced Math

What is Robert's markup percentage on a bag of popcorn? (Round answer to 0 decimal places, e.g. 25%.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: a. Report the measure of accuracy: MAE. Round your answer to four decimals. b. Report the measure of…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: You make 90 fancy chocolate tarts for Valentine’s Day bake sale at cost of 3.25 each. If a spoilage…

A: Solution

Q: Answer the 4 following questions using this scenario : Samuel wants to save $2000 for a trip to…

A: Introduction: The formula of compound interest is given by, A=P1+iNNt where A is compounded amount,…

Q: What amount increased by 24.7 % is $190? Round your answer to two decimal places.

A: Let, Amount = $x Amount increased by 24.7% = $(x+x×24.7100) Amount increased by 24.7% is $190…

Q: decimal

Q: A wholesaler lists a mobile phone at RO 120 less 20%. The net price to a retailer is O a. RO 24 O b.…

A: RO 96

Q: How do you turn a decimal into a percentage?

A: our aim: to state how we convert decimal into percent

Q: The population of a country has been decreasing for several decades. In 1990, the population was…

A: Given problem Given that The population of a country has been decreasing for several decades. In…

Q: If the average cost of making five copies on a copy machine has increased from 18¢ to 20g, what was…

A: To find the percent increase

Q: Fair advertises bestsellers as "30% off retail." What is their markup on bestsellers, as a…

A: Introduction: Multiply this fraction by 100 and add a percent sign to get the percentage. 100 ×…

Q: Convert the following (decimals to two places): 60% to the lowest ratio

A: It is given that the percentage is 60%.

Q: Anika saw a bag at a trade show that she would sell to her customers for $85.00. What is the most…

A: To retain a markup on the selling price, Anika needs to set her cost price (the amount she pays for…

Q: Gloria has a mortgage of $1,200, a car payment o $265, and student loan payments of $225. Gloria…

A: Given: Gloria's mortgage= $1,200 car payment= $265 student loan = $225 Gross income = $5,350…

Q: What is 0.7306 rounded to the nearest 10th of a percent?

Q: You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: what is 3.07( 0.969)t as a percentage rate

A: The solution is given below

Q: 10. In the figure ZA క్రింది పటమ క్రింది పటములో 2A = %3D %3D P. A 110

Q: What is 39% of 1681? Round to the nearest hundredth. O A. 6,555.90 B. 65.56 C. 655.59 OD. 65,559.00

Q: You are charged $177 for a new bicycle. Assume sales tax is 7.6%, what was the original price for…

Q: if you dont show up for the first exam and take a 0%, then average 82% for everything else the rest…

Q: Calculate the total dollar amount you would pay at the quoted price(disregard the commission or any…

A: Given that, Company: Wang Bond price: 102.25% Number of bonds purchased: 3 Face value of…

Q: You want to purchase a car that cost $18,000. You want to put about 15% down. H

A: Introduction: The Latin phrase "per centum," which means "by the hundred," was the source of the…

Q: The median home price in Arlington, Virginia is $578,000. If the assessment rate is 100% what is the…

A: Given that the median home price in Arlington, Virginia is $578,000, and the assessment rate is 10%…

Q: Shirts were purchased for $12.50 each and were marked up by $17.75. During Christmas, they were…

Q: An office supply store adds a $2.50 markup to calculators and sells them for $5.95. (a) What is the…

A: The cost of a product is the amount to which a product is made or purchased. While selling price is…

Q: sone age keepsakes had $174,500 in sales last year, and spend $7,350 on advertising. What percent…

Q: You are putting 10% down on a car that cost $24,350. How much are you putting down?

Q: A writer earned a 17% tip wath decimal is equivalent to 17%?

A: Percentage means the number should be presented after dividing by 100

Q: bikes on sale at $599.99. At the sale price, 18 bikes were sold during the one week sale. (a) What…

Q: Shareholders in an electronics company were informed that the company's market share increased from…

A: Given , Shareholders in an electronics company were informed that the company's market share…

Q: the U.S. Census Bureau states that in 2010 the average commute time for Wake County workers was 23.9…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.

Topic Video

Question

Robert Williams runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.60, which she sells for
$2.67.

What is Robert's markup percentage on a bag of popcorn? (Round answer to O decimal places, e.g. 25%.)
%
Markup percentage

Expert Solution

Step 1

We will use the following formula to calculate the markup percentage.

$M A R K U P % = \frac{(S e l l i n g P r i c e - P r o d u c t i o n C o s t)}{P r o d u c t i o n C o s t} x 100 %$

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Application of Algebra$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions

General Instructions: 1. Use comma for separating number places such as 12,000 and 1,200. 2. Answers should be rounded in hundredths place and in numeric form. However, this case should not be followed when writing rates. 2. 3. To write rates, round the answer in ten thousandths place and convert it to percent. For example, 1.11%, 11.11%, and 0.11%. 3. If the hundredths place is O when rounded or not, still put O. For example, 1,111.10, 1,212.20, 10.10%, and 12.20%. As for the units place, write 0 in the beginning. For example, 0.11% , 0.12%, and 0.10%. 4. No need to indicate the unit of measurement such as years and 4. 5. pesos. Please answer the following problems. And use a notebloc for a better picture. Thank you.
Answer the following questions: a. What percent of 2,000 is 45? 0.00 % Round to two decimal places b. 85.00% of what amount is 170? 0.00 Round to two decimal places Question 2 of 6
Olf's Golf store sells golf balls for $29 per dozen. The store's overhead expenses are 5% of cost and the owners require a profit of 19% of cost. a. How much does Rolf's Golf store buy the golf balls for? $0.00 per dozen $ Round to the nearest cent b. What is the price needed to cover all the costs and expenses? $ Round to the nearest cent c. What is the highest rate of markdown at which the store will still break even? % Daund to hun darimal places
Use the percent formula, A = PB, where A is P percent of B, to answer the following question. What is 11% of 10? 11% of 10 is (Type an integer or a decimal.)
A company's sales decreased 5% this year, to $6,585. What were their sales last year? (Round your answer to the nearest penny).
At birth a baby weighed 8 pounds 10 ounces. Three months later the baby weighed 11 pounds 11 ounces. What has been the percent gain in the baby's weight? (Round your answer to the nearest whole number.)
Solve this Problem and identify the present , amount and base what percent of 50 is 20?
Calculate the GPA of a student with the following grades: A (15 hours), C (10 hours), F (6 hours). Note that an A is equivalent to 4.0, a B is equivalent to a 3.0, a C is equivalent to a 2.0, a D is equivalent to a 1.0, and an F is equivalent to a 0. Round your answer to two decimal places. Takla Kounad
You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $689.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale. (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.) % (b) What is the percent increase in number of bikes sold during the sale? % (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) more revenue (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) Yes, permanent markdown increases revenue significantly. No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenue. O O
You’ve brought in a case of dried Bing cherries for a total of $52.00. The case contains 14, 12 ounce packages. (Round your final answer up to the nearest whole cent; Example: 0.2987 = 0.30) a. What is the price per pound? b. What is the price per ounce?
Convert decimal 0.84 into percent. O 84% O None of these O 8% 840% ements Jump to... Chapter
Your doctor prescribed you to take 300 mg of a pain-relieving drug after you had surgery. The amount of the drug in your bloodstream decreases at a rate of 14% per hour. If you take 300mg of the pain-reliever, how much of the drug will still be in your bloodstream after 7 hours? Round tothe one decimal.