Question

A book costs $1.49 and is sold in a retail store for $8.99. What is the percentage in mark up? mmnle 10 percent would be 10% You can find the percent​

Answer 1

The percentage in mark up is 503.56%.

Explanation:

The percentage in markup is the change(retail - cost) divided by the initial cost, and multiplied by 100%.

In this question:

Cost: 1.49

Change: 8.99 - 1.49 = 7.5

Percentage change:

(7.5*100%)/1.49 = 503.56%.

The percentage in mark up is 503.56%.