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

64%

1.56%

56.25%

0.56%

Question

Mathematics

Kasey Lawson

24 August, 14:31

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

64%

1.56%

56.25%

0.56%

+3

Answers (1)

Know the Answer?

Wagner · Answer 1

If you would like to know what percentage was the markup, you can calculate this using the following steps:

x% of $16 is $25

x% * 16 = 25

x/100 * 16 = 25

x = 25 * 100 / 16

x = 156.25%

156.25% - 100% = 56.25%

The correct result would be 56.25%.

A watch was purchased for $25. The wholesale cost was $16. What percentage was the markup?64%1.56%56.25%0.56%

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

64%

1.56%

56.25%

0.56%