Question

Find the percent of Markup: The price changed from $12 to $15.

Answer 1

Percentage Mark -up =

`=\frac{new\text{ value -old value}}{\text{old value}}*100percent`
`=\frac{15\text{ - 12}}{12}*100percent`
`=(3)/(12)*100percent`
`=(1)/(4)*100\text{ percent}`

= 25%