37.0k views
1 vote
Mrs. Hoffman's Corner Store sells fuzzy socks for $4.00 a pair. Mrs. Hoffman buys the socks from a wholesale company for $1.00 a pair. What is the percent markup Mrs. Hoffman is using for these socks?

2 Answers

3 votes

Answer:

100%

Explanation:

Markup % = ( Selling Price - Coast) / ( Coast) * 100

( $4 - $3) / ($3) * 100

1 * 100 = 100

User Kasgoku
by
6.4k points
3 votes

Answer:

3%

Explanation:

User Evgeny Smirnov
by
6.5k points
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