Question

A toy shop purchases 125 identical stuffed animals for a total cost of $312.50 and sells them for $7 each. What is the percent markup?

Answer 1

7.5
Would be the answer because the markup is .5 and they are selling the stuffed animals for 7$
So 7+ .5= 7.5

Answer 2

180%

Explanation:

Were given the total cost for all the stuffies, and the individual sale price for the stuffies, to convert them in all individual price divide 312.5 by 125 which equals 2.5. to find percent markup do (selling price - unit cost)/unit cost. Then multiply to get percentage. Therefore (7-2.5)/2.5=1.8. 1.8*100 = 180% markup