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Contemporary Mathematics for Busin...
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Contemporary Mathematics for Busin...
Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
LooLoo Clothing Emporium sells scarves for $19.95. If the cost per scarf is $12.50, what is the amount of the markup?
To calculate: The amount of markup if the selling price of scarves is
Given Information:
The selling price of scarves is
Formula used:
The markup amount can be calculated using the following equation:
Calculation:
Consider the provided data,
The selling price of scarves is
So,
Chapter 8 Solutions
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