Question

Fred buys flags from a manufacturer for f dollars each and then sells the flags in his store for 26% markup. Write the markup as a decimal.

Answer 1

0.26

Step-by-step explanation

Fred buys each flag for f dollars.

Then, he sells them for a markup of 26%.

This means that each flag was sold for an additional 26% of their original prices.

Since the mark up is 26%, it is the same as writing:

`(26)/(100)`

Since percent means per 100.

Therefore, writing that as a decimal, we have:

`26\text{ \% = }(26)/(100)\text{ = 0.26}`

That is the answer.