Question

*help* 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 the selling price?

Answer 1

20%

Explanation:

The markup is 3.00 -2.40 = 0.60. As a percentage of selling price, it is ...

0.60/3.00 × 100% = 20%