Step by step. #13

Question

A computer store brought a program at a cost of $20 and sold it at a selling price of $27. Find the percent markup. Round to the nearest whole number as needed

Answer 1

The percentage markup is 35% of the $20 original cost, calculated as follows:

 

Step 1: $27 - $20 = $7

 

Step 2: $7 = (p) ($20)

 

p means percentage

 

Step 3: $7/$20 = p

 

Step 4: .35 = p

 

Step 5: .35 * 100 = 35%

 

In the last step, the decimal is converted to a percentage by multiplying it by 100.

 

Hope this helps.

Dr. D.