Question

A store charges a restocking fee for any returned item based upon the item price. An item priced at $200 has a fee of $12. An item priced at $150 has a fee of $9.

What percentage of the item is a restocking fee?

Answer 1

Divide the restocking fee by the price of the item:

12/200 = 0.06

9/150 = 0.06

Multiply by 100 to get the percent:

0.06 x 100 = 6%

Answer: 6%