Question

Find the markup on the following item. A candy bar costing $0.52 and selling for $0.79. 0.27 0.41 0.66 1.31

Answer 1

Explanation:

Given that a candy bar costing 0.52 is marked up to 0.79 as selling price

Selling price = 0.79

Cost price = 0.52

Difference = 0.27

IF for cost 0.52 the mark up amount is 0.27

Then for 100 mark up amount = 27/0.52=51.92

52%

So there is a mark up of 52% on cost price

Actual mark up is 0.27 dollars

Answer 2

0.79 x
____=_____
0.52 100

cross multiply
0.52x=79
divide both sides by 0.52
x=151.92 or 152%

0.79 is 152% of 0.52

So its a 52% mark up.