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19 July, 00:22

Blue jeans, Inc. sells jeans that cost $15.99 for a selling price of $42.95. What is the percent of markup based on cost? (Round to nearest hundredth percent.)

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  1. 19 July, 04:11
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    First, you would subtract $42.95 - $15.99 to get the price markup which is $26.96

    Next, put it into a proportion to find out the percentage markup.

    part/whole = %/100

    26.96/15.99 = x/100 (Based on the cost to make)

    x = 168.61%

    or

    26.96/42.95 = x/100 (Based on selling cost)

    x = 62.77%
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