Question

The cost of a pen at the office supply store is $2.65. the school store sells the pen for $3.45. How much does the school store markup the pen? Find the percent increase. 0.80/ 2.65=____%

Answer 1

30.1%

Explanation:

The increase in price (markup) is ($3.45 - $2.65) = $0.80.

The increase in price (as a decimal fraction) is 0.80/2.65, or 0.301; as a percentate, this is 30.1%