Question

A sporting goods store sells basketballs for $22. They paid $8 for each

basketball from their supplier. What is the percent of increase for the price of
each basketball?

Answer 1

175%

Explanation:

First calculate the price increase (markup). To do this, subtract $8 from $22. The result is $14. Thus, the store sells $8 basketballs for $22, a markup of $14 per ball.

The desired fraction of increase is 14/8, which, as a decimal, comes to 1.75.

Thus, the markup is 175% (after multiplying 1.75 by 100%)