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Mathematics 16 Online
OpenStudy (anonymous):

Find the percent of markup. Round to the nearest tenth. $35.50 to $70.00 a.12.2% b.94.7% c.34.5% d.97.2%

OpenStudy (chosenmatt):

which one do you think it is?

OpenStudy (anonymous):

idk how to do it

OpenStudy (anonymous):

@AnswerMyQuestions

OpenStudy (anonymous):

nobody is not going to help me @Loser66 @Lyrae @chosenmatt

OpenStudy (loser66):

neither I, :) because to me, no option is the correct one.

OpenStudy (chosenmatt):

yeah

OpenStudy (lyrae):

"To add markup percentage to your cost of goods, first multiply the cost of one unit of the product by the markup percentage. Add the resulting dollar amount to the cost of the good to determine the price." http://smallbusiness.chron.com/add-markup-percent-product-64361.html Lets put that as an equation: \[newPrice = oldPrice * percentMarkup + oldPrice\]if you now solve for percentMarkup you get \[percentMarkup = \frac{ newPrice }{ oldPrice} - 1\] Insert the values and you get pm = 70/35.5 -1 ~ 97.183

OpenStudy (lyrae):

@helpme25

OpenStudy (lyrae):

~ 97.2% *

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