Question

A watch was purchased for $25. The wholesale cost was $16. What percentage was the markup?

64%
1.56%
56.25%
0.56%

Answer 1

what was the mark up in $?

Answer 2

I dont know, I'm confused.

Answer 3

the watch cost $16 and was sold for $25

how much was the profit ('mark up')?

Answer 4

10?

Answer 5

When you post a question on a topic - such as percentages we have to make some assumptions that you have some 'supporting knowledge' - such as subtraction

"10?" looks like a guess to me

If I gave you $25 for a watch and you had to give $16 of that to the person YOU bought it from - how much would oyu have left?

Answer 6

10.

Answer 7

That is not correct

Answer 8

Why dont you try explaining the steps to me so I can try to understand it.

Answer 9

I AM trying to lead you through the steps

the first step is to work out the amount of profit in dollars

this involves a simple subtraction

When you post a question on a topic - such as percentages we have to make some assumptions that you have some 'supporting knowledge' - such as subtraction. If you cannot do the simpe subtraction then there is little chance that I will be able to guide you through working out a percentage

SO

to work out the profit (mark up) youneed to subtract the cost of buying from the price of selling.

buying costwas $16
selling price was $25

what was the mark up in $ ?

Answer 10

it would be 1.56% because u will divide

Answer 11

@shelby33
a) that is wrong
b) it is against the rules to post answers

Answer 12

MrNood, I am not trying to be a smarty, but simply trying to understand this. I would appreciate it if you would be a bit more understanding for I am trying to learn. If you can't do that, I will find someone else. 25- 16 is 9.

Answer 13

OK $9 is correct

you wrote $10 (twice)

Answer 14

SO now we have to find out what PERCENTAGE that is

Answer 15

I was having a blonde moment, sorry.

Answer 16

the way to work that ou is

% markup = 100 * $markup/$buying price

Answer 17

So i take the percent and divide it by the markup?

Answer 18

no - that is not what the equation says

percentage markup = 100 times markup in dollars divided by buying price in dollars
so put the numbers into that equation and use your calculator to work out the %

markup in dollars = $9
buying price in dollars = $16

so put those numbers into the equation and use your calculator to work out the correct answer

Answer 19

Your answer = 100*9/16 %

Can you work that out?

Answer 20

64%

Answer 21

no - that is not correct

Answer 22

There are only 4 options - I am not going to confirm or deny any other guesses

Please use the equation above, and your calculator - then you will have worked out the correct answer