Cheng-Yu ordered a book that cost $24 from an online store. Hertotal with the shipping charge was $27. What was the percent ofmarkup charged for shipping?

Question

asked Jan 27, 2023 216k views

1 Answer

W A Carnegie · Answer 1 · 2023-02-02T17:59:35+0000

Given:

Cost of book = $24

Total cost of book (shipping charge inclusive) = $27

The shipping charge is:

Total cost - cost of book = $27 - $24 = $3

The shipping charge is $3

To find the percentage markup charged for shipping, use the formula:

$\frac{ship\text{ charge}}{Total\text{ cost}}\ast100$
$(3)/(27)\ast100\text{ = }0.111\text{ }\ast\text{ 100 = }11.1percent^{}$

Therefore, the percent of markup charged for shipping is 11.1%

ANSWER:

11.1%