Question

the selling price of a product is $20 and the markup is $4 What percentage of the selling price does the markup represent

Answer 1

20%

Explanation:

The ratio of 20 to 4 can be simplified to 5:1, by switching it around, we get 1/5. 1/5 as a percentage can be expressed as 20%

Answer 2

20%

Explanation:

Given the following question:

20% of 20

To find the answer we will use the formula to calculate percentages.


`(p* n)/(100)`

`(20*20)/(100)`

`20*20=400`

`400/100=4`

`=4`

20% of 20 is 4, which means your answer is "20%."

Hope this helps.