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
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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.
Transcribed Image Text: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
Transcribed Image Text: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.

MARKUP % = (Selling Price  Production Cost)Production Cost x 100%

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