Question

Our school store buys a shipment of 1000

pencils for $65. If we sell each pencil for
10 cents, what is the markup percentage
of each pencil?
A. 28%
C. 54%
D. 65%
B. 43%

Answer 1

54%

Explanation:

65 / 1000 = 0.065. 0.10 / 0.065 = 1.538, so the markup would be C, 54%.