Question

A store buys an item for $28 and sells it for $35. What is the percent markup?

Answer 1

the percent markup is 25%

28*1.25=35

Answer 2

The correct answer is 25 %.

Explanation:

The markup is the percentage that reflects the difference between the price at which a product is sold and the price at which it was purchased.

The way to calculate this percentage is as follows:

(Cost with which the product is sold - unit cost) / unit cost x 100

Therefore we should do the following calculation:

`(35-28)/(28) x 100 =`

`(7)/(28) x 100 =`

`0,25 x 100 =\\25`

In this way we verify that the correct answer is 25%.