Question

A store paid $450 for a tablet and marked up the price to sell for $500. What is the percent increase?

please answer quickly!

Answer 1

11.1111%

Explanation:

markup = profit/cost * 100

Answer 2

Answer: 12% increase

Explanation: if you use the formula in the pic I’ve provided below, you can find the increase by first subtracting the old value (450) by the the new value which would be (500-450). Then, you divide the answer you got (50) by the old value once again, and you would get (50/450 = 0.11 *rounded) and 0.11 as a percent is 11%, so the percent increase it 11%.

(Hope this helps!)