Question

A local dealer sells baseballs for $25 each. If $9.16 is the cost, what is the percent of markup on the selling price.

Answer 1

Percentage of markup on selling price is also known as Percent profit. It is calculated as

`\%profit=\frac{sell\text{ing price - cost price}}{\cos t\text{ price}}*(100)/(1)`

Now, selling price = $25, cost price = $9.16

Substituting the values we have