The cost to a store for a box of cereal is $2.50. The store is selling the cereal for $3.50. What is the percent of the markup?

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Mathematics

Brisa Hubbard

21 December, 05:48

The cost to a store for a box of cereal is $2.50. The store is selling the cereal for $3.50. What is the percent of the markup?

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Elle Liu · Answer 1

So if the store bought the cereal at $2.50 and sold it for $3.50 there is a $1 markup. This in terms of percentages is 1/2.50 = 0.4, which is a 40% markup.