Question

A candle costing $0.67 and selling for $0.98 find the markup

Answer 1

the markup of the candle price is 0.31 

Answer 2

Mark up =0.46=46%.

Explanation:

Mark up is the extra amount charged to a customer.

The formula to calculate Mark up is

Mark up =
`(Price - cost)/(cost)`

It is given cost price of candle =$0.67 and selling price =$0.98.

Mark up =
`(0.98-0.67)/(0.67) =0.46.`

0.46 when converted to percent is 0.46x100= 46%.

Mark upas a percent is 46%.