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The price of a book increased from $20 to $25. What is the markup rate? 25% 3% 20% 5%
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3 votes
The price of a book increased from $20 to $25. What is the markup rate?

25%

3%

20%

5%

User Vadim Kiselev
by
8.2k points

2 Answers

4 votes
25-20=5
5÷20=0.25
0.25=25%
The markup rate is 25%.
User Shakya
by
8.9k points
5 votes
The increase was $5.
5 goes into 20, 4 times, therefore 5 is 25% of 20.
So adding $5 to $20 increased its price by %25.
Hope this helps!
If you have any questions, just let me know :)
User AnxGotta
by
8.7k points
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