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A store pays $20 for a set of headphones. The store sells the set of headphones for $70. Your classmate says that the markup is 350% because$70/$20=3.5 Is your classmate correct…

A store pays $20 for a set of headphones. The store sells the set of headphones for $70. Your classmate says that the markup is 350% because$70/$20=3.5 Is your classmate correct…
asked 215k views
4 votes
A store pays $20 for a set of headphones. The store sells the set of headphones for $70. Your classmate says that the markup is 350% because$70/$20=3.5 Is your classmate correct?

asked
User Adrian Ciolea
by
8.6k points

2 Answers

5 votes
Yes it is like if you got a 70/20 on a test. That would be a score of 350%
answered
User Leos Literak
by
8.0k points
1 vote
yes. your classmate is correct
answered
User Manish Verma
by
8.2k points
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