Question

Clara Schumann is buying bagels for her coworkers, She buys a dozen bagels priced at $5.49 a dozen. The bakery's cost for making the bagels is $2.25 per dozen. What is the markup rate based on selling price on a dozen bagels?

Answer 1

D. 59%

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Explanation:

Answer 2

The markup rate is 144% .

Explanation:

Formula

`Mark\ up\ percentage = ((Selling\ price-Cost\ price)* 100)/(Cost\ price)`

As given

Clara Schumann is buying bagels for her coworkers, She buys a dozen bagels priced at $5.49 a dozen.

i.e

Selling price of a dozen bagels is $5.49 .

The bakery's cost for making the bagels is $2.25 per dozen.

i.e

Cost price of a dozen bagels is $2.25 .

Putting all the values in the formula

`Mark\ up\ percentage = ((5.49-2.25)* 100)/(2.25)`

`Mark\ up\ percentage = (3.24* 100)/(2.25)`

`Mark\ up\ percentage = (32400* 100)/(225* 100)`

`Mark\ up\ percentage = (32400)/(225)`

Markup percentage = 144 %

Therefore the markup percentage is 144% .