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32 votes
32 votes
A scarf that was originally $12 is now $15.Find the percent markup.

User Linh Nguyen
by
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1 Answer

13 votes
13 votes

Markup is the difference between the scarf's selling price and it's original cost.

The scarf was originally $12, let

S1 = 12

The cost is $15, let

S2 = 15

Markup, M = S2 - S1

= 15 - 12

= 3

$3$

Markup Percent is now:

Markup divide by original cost, times one hundred

That is;

3/12 * 100

= 100/4

= 25 percent

User Admit
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3.0k points