Question

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?

Answer 1

About a 6% markup would be the answer

Answer 2

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.

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