Question

Kerri is making doll clothes for a holiday craft the wholesale cost of the materials for one outfit is 9.38 if she sells an outfit for 15 what is the percent of markup round to the nearest percent

Answer 1

The markup is the difference between the selling price and the cost price, divided by the cost price, then multiplied by 100 to get a percentage.

The difference between the selling price and the cost price is $15 - $9.38 = $5.62.

So, the percent of markup is ($5.62 / $9.38) x 100 = 59.91%.

Rounding to the nearest percent, we get 60%. So, Kerri is marking up the doll clothes by 60%.