Question

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Answer 1

41.25 because you divide the cost into the profit and that equals 41.25

Answer 2

$41.25

Explanation:

recall that the formula for percent markup is

% Markup = [ (price - cost) / cost ] x 100% (also see attached for reference)

we are given:

% Markup = 65%

Cost = $25

Simply substitute the known values into the formula above

% Markup = [ (price - cost) / cost ] x 100%

65 = [ (price - 25) / 25] x 100

65/100 = (price - 25) / 25

0.65 = (price - 25 ) / 25

0.65 (25) = price - 25

price - 25 = 16.25

price = 25 + 16.25

price = $41.25