Question

A box of 24 greeting cards is sold at a gift shop for $3.00. The cost to the store is $2.40. What is the markup as a percentage of cost?

Answer 1

25%

Explanation:

formula for percent markup/discount= absulute value of original-new/original

plug the numbers in

(2.40-3.00/2.40) absolute value=0.25

0.25 as a percent is 25%