Question

Compute the markup for the following problem.

Cost of article = $195
Retail price = $225
Percentage of markup (to the nearest tenth)= _____.
A. 13.3
B. 15.4
C. 86.7
D. 115.4

Answer 1

15.4

Explanation:

Answer 2

B. 15.4

Explanation:

Find the difference of the retail price and the cost of item:

225 - 195 = 30.

Divide 30 by 195 and multiply 100 to get the percentage

(30/195)x 100 = 15. 3846

Round to the nerarest tenth so you will have 15.4%.