Question

A camping store purchases a cooler at a cost of $22.29. If it sells the cooler for $30.00, what is the percent of markup?

Answer 1

Answer: Percent Markup ≈ 34.58%

Explanation:

Percent Markup = (($30.00 - $22.29) / $22.29) * 100

Percent Markup = ($7.71 / $22.29) * 100

Percent Markup ≈ 34.58%