Question

4. Anjali sells her banana bread at the farmer's market. She sells the loaves for $6.49 each

If it costs her $2.20 to make each loaf, what is the percent markup?

Answer 1

Answer: 195%

Explanation:

Equation: Markup = (Profit-Cost)/Cost x 100%

Profit = $6.49

Cost = $2.20

(6.49-2.20)/2.20 x 100%

6.49-2.20 = 4.29

4.29/2.20 = 1.95

1.95 x 100% = 195

195% is your final answer