Question

Bottled water: A liter of tap water costs around $0.05 at home. While a liter of bottled water costs around $2 at the store. Calculate the percent of this markup. Round to the nearest percent.

Answer 1

4000% here is the answer

Answer 2

4000%

Explanation:

To calculate the percent markup, we need to first find the difference between the cost and the selling price: $2.00 - $0.05 = $1.95

Then, we can divide that difference by the cost and multiply by 100% to express the result as a percentage:

($1.95 / $0.05) * 100% = 3900%

So the percent markup on the liter of bottled water is around 3900%. Rounded to the nearest percent, this would be 4000%.