147k views
4 votes
Boeing plans to increase its prices for Jetliners. With a selling price of $201.5 million and a cost of $190.1 million, what was the approximate percent markup based on cost?

User Grengas
by
7.9k points

2 Answers

4 votes
About a 6% markup would be the answer
User Nekak Kinich
by
7.7k points
7 votes

Answer: 6%

Explanation:

Hi to answer this question we have to write n equation with the information given.

Cost = $190.1

Selling price : $201.5

If we multiply the cost by a percentage we will obtain the selling price.

190.1 x =201.5

x = 201.5/190.1

x= 1.05

x = 1.05 x 100 = 106%

Since 100% is the full cost, 6% is the percent markup.

Feel free to ask for more if needed or if you did not understand something.

User Vier
by
8.5k points