An office supply store adds a $2.50 markup to calculators and sells them for $5.95. (a) What is the cost (in $) of the calculators? (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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An office supply store adds a $2.50 markup to calculators and sells them for $5.95.
(a) What is the cost (in $) of the calculators?
$
(b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.)
Transcribed Image Text:An office supply store adds a $2.50 markup to calculators and sells them for $5.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.)
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