Question

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?

Answer 1

100%

Explanation:

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

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

1 * 100 = 100

Answer 2

3%

Explanation: