complete question:
$0.60 bottle of iced tea marked up to $1.35. Find the percentage markup.
Answer:
percentage markup = 125%
Explanation:
$0.60 bottle of iced tea marked up to $1.35. The marked up percentage can be calculated as follows:
1.35/0.60 = p/100
2.25 = p/100
2.25 = p/100
multiply both sides by 100
2.25 × 100 = p
225%
Therefore the mark up is 225 - 100 = 125%
percentage markup = 125%