Question

A website is selling packs of

playing cards for $2.07. The site
got the packs of playing cards at a
cost of $0.69. What is the mark-
up, as a percentage?

Answer 1

66 2/3 % Markup

Explanation:

1) Subtract the two numbers.

2.07 - 0.69 = 1.38

2) Divide the difference of the subtraction problem by 2.07, the value of the marked up cards.

1.38/2.07 = 2/3

3) Because percent means divided by 100, multiply 2/3 (0.6666...) multiplied by 100 as a fraction because x/100 x 100 = x.

66 2/3 % Markup