Question

Soda: A cup of soda costs a restaurant an average of $0.12 per cup (This includes the price of the cup, lid, straw and soda). However, they charge an average of $3.00 at the restaurant. Calculate the percent of this markup.

Answer 1

2400% if I'm not mistaken

Answer 2

2400%

Explanation:

To calculate the percent markup, we need to first find the difference between the cost and the selling price: $3.00 - $0.12 = $2.88

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

($2.88 / $0.12) * 100% = 2400%

So the percent markup on the cup of soda is 2400%.