128k views
1 vote
A store manager purchases a DVD for $15. He marks it up to $21.75 in order to make a profit. What is the percent of increase?

1 Answer

7 votes
Percent of increase: 100 * (final - initial)/initial, final = 21.75, initial = 15

(21.75-15)/15 = 0.45 * 100
There is a 45% increase
User Chike
by
5.6k points