Question

Help me pleasee i really need help

Answer 1

For ALL of these....use these formulas...

Finding Markup%

Markup=Selling Price-Cost

Markup%=
`(Markup)/(Cost)*100`

1.) Recliner Chair. Cost=$61 Sell Price=$75.99

Markup= $75.99-$61
M=$14.99

Markup%=
`(14.99)/(61) *100`

Markup%=24.5% (Markup less than 25%)

2.) Basket Ball. Cost=$23.75 Selling Price=$29.95

Markup= $29.95-$23.75
M=$6.20

Markup%=
`(6.20)/(23.75) *100`

Markup%=26.1 (Markup greater than 25%)

3.) Necklace. Cost=$15 Selling Price=$19.25

Markup= $19.25-$15
M=$4.25

Markup%=
`(4.25)/(15)*100`

Markup%=28.3 (Markup greater than 25%)

4.)Notepad. Cost=$1.19 Selling Price=$1.50

Markup=$1.50-$1.19
M=$0.31

Markup%=
`(0.31)/(1.19)*100`

Markup%=26.1 (Markup greater than 25%)

5.)Speakers. Cost=$44.55 Selling Price=$54.99

Markup=$54.99-$44.55
M=$10.44

Markup%=
`(10.44)/(44.55) *100`

Markup%=23.4 (Markup less than 25%)

6.) DVD. Cost=$10.80 Selling Price=$12.95

Markup=$12.95-$10.80
M=$2.15

Markup%=
`(2.15)/(10.80)*100`

Markup%=19.9 (Markup less than 25%)

I hope this benefits other people in the future. :D