Dave buys 10 pounds of potatoes from a farmer for $4.50. He then sells the 10 pound bag for $6. What percent mark-up does dave use for his potatoes? Round to the nearest tenth

Answer 1

Hi Ella!

The difference that Dave made is $1.50, so simply divide the $1.50 by the original price of $4.50 and the rate of increase is .333333333 repeating or rounded off 33% mark-up.

Regards,

Don M.