Question

The jeans at Hollister are priced at $59.99. The cost to make them is $2.14. What is the percent of the mark up?

Can somebody help me with this? I am having so much trouble

Answer 1

2703 %

Explanation:

Step 1. Calculate the markup

Markup = selling price – cost

Markup = 59.99 -2.14

Markup = $57.85

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Step 2. Calculate the percent markup

% Markup = markup/cost × 100 %

% Markup = 57.85/2.14 × 100

% Markup = 27.03 × 100

% Markup = 2703 %

The markup is 2703 %.