The cost of a new york yankee baseball is $24.00. The local sporting goods store sells it for $30.00. Find markup ate

Question

What is the markup rate?

 

Answer 1

Subtract $24 from $30.

 

$6

 

 

Then divide this amount by $24.

 

$6 / $24 = 0.25

 

 

Multiply this value by 100 to get the markup rate.

 

0.25 x 100 = 25

 

 

Markup rate is 25%.

 

 

If you want, I can show you an equation to get the markup rate.