Store owner buys hoodie for 16 dollars and sells it for 72 dollars what is the percent of the markup

Question

Store owner buys hoodie for 16 dollars and sells it for 72 dollars what is the percent of the markup

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Delilah 3 months 2022-02-19T01:35:56+00:00 2 Answers 0 views 0

Answers ( )

  1. Delilah
    0
    2022-02-19T01:37:11+00:00
    Reply

    This is an example of a percent change question.

    Formula: new price – old price / old price

    = 72-16/16

    = 56/16

    = 3.5

    Multiply by 100%.

    3.5 * 100% = 350%

    Therefore, the hoodie was marked up 350%

    Best of Luck!

  2. Julia
    0
    2022-02-19T01:37:28+00:00
    Reply

    Answer:

    350% mark up

    Step-by-step explanation:

    To find the percent markup

    Take the new price and subtract the original price

    72-16 =56

    Then divide by the original amount

    56/16

    3.5

    Change to percent form

    350%

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