Our school store buys a shipment of 1000 pencils for $65. If we sell each pencil for 10 cents, what is the markup percentage of each pencil? A. 28% C. 54% D. 65% B. 43%

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Joelhaus asked Jun 10, 2023

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Our school store buys a shipment of 1000

pencils for $65. If we sell each pencil for
10 cents, what is the markup percentage
of each pencil?
A. 28%
C. 54%
D. 65%
B. 43%

Mathematics
high-school

Joelhaus asked Jun 10, 2023

by Joelhaus

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Answer:

54%

Explanation:

65 / 1000 = 0.065. 0.10 / 0.065 = 1.538, so the markup would be C, 54%.

Maraboc answered Jun 16, 2023

by Maraboc

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