Question

a drink is 3.20What is the percent markup if they sell each gallon at $3.50? (Round your answer to the nearest whole percent.) The percent markup if the juice is sold at $3.50 is

Answer 1

To calculate the percent markup, we need to find the difference between the selling price and the cost price, and then express it as a percentage of the cost price.

Given that the drink costs $3.20 and is sold at $3.50, the markup is:

Markup = Selling Price - Cost Price

Markup = $3.50 - $3.20

Markup = $0.30

To find the percent markup, we divide the markup by the cost price and multiply by 100:

Percent Markup = (Markup / Cost Price) * 100

Percent Markup = ($0.30 / $3.20) * 100

Percent Markup = 0.09375 * 100

Percent Markup = 9.375

Rounded to the nearest whole percent, the percent markup is approximately 9%.

Explanation:

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