BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0.2727
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0.2828
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0.2929
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0.303
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None
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Detailed explanation-1: -How much is a 25% markup? A 25% markup means that the price of an item to be sold to a customer is 25% higher than the cost to the seller. An item priced at $30 with a 25% markup means the cost to the seller was $24.
Detailed explanation-2: -Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = .50 x 100 = 50%.
Detailed explanation-3: -When the cost is $5.00 you add 0.30 × $5.00 = $1.50 to obtain a selling price of $5.00 + $1.50 = $6.50. This is what I would call a markup of 30%. 0.70 × (selling price) = $5.00.