Please help !! - Omar buys stuffed animals for $4 each. He sells them for $7 each. Is this a markup of markdown situation? What is the percent profit?

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asked Jan 22, 2021 10.1k views

1 vote

Please help !!

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Omar buys stuffed animals for $4 each. He sells them for $7 each. Is this a markup of markdown situation? What is the percent profit?

Mathematics
high-school

Araxia asked

by Araxia

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Answer:

This is a markup situation, since the price increased. The percent of profit would be 75% because 7-4=3, 3/4 = 75%

Dewsworld answered Jan 28, 2021

by Dewsworld

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