Question

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?

Answer 1

87%

Answer 2

surely its 750%?

Answer 3

@tiname

Answer 4

0.2*750% =1.5

Answer 5

how you got it??? @Razzputin

Answer 6

surely it is

Answer 7

\[\frac{ 1.5 }{ \frac{ 0.2 }{ 100 } } = 750\]

Answer 8

you take the marked up price and divide it by the origional price over 100 to get a percentage.

Answer 9

how did you get your answer?

Answer 10

no, it would be like that
Subtract original from markup (1.50-.20) = 1.30 and then divide by markup (1.50) which gets you 87%.

Answer 11

when you mark something up you do it on the origional item price in this case the 0.2 not on the final marked up price.

Answer 12

do you disagree?