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OpenStudy (anonymous):
please help me with this problem........Bottled water in a certain vending machine costs $1.50. This price is a markup from the wholesale cost of $0.20. What is the markup as a percent?
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OpenStudy (anonymous):
13%
OpenStudy (anonymous):
thanks
OpenStudy (anonymous):
sorry no it's 87%. Markup from .20 cents to 1.50
OpenStudy (anonymous):
idk
OpenStudy (anonymous):
how do you markup
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OpenStudy (anonymous):
Subtract original from markup (1.50-.20) = 1.30 and then divide by markup (1.50) which gets you 87%.
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