Piper & Son sells pickled peppers to stores for $3 per jar,and the stores sell each jar to consumers for $7.50.What is the markup percentage?
A) 40%
B) 60%
C) 67%
D) 150%
E) 250%

Question

Quizplus · Accepted Answer

B)The markup percentage is the markup divided by the sales price, multiplied by 100%. The markup is $7.50 - $3 = $4.50. The sales price is $7.50. Dividing yields 0.6 times 100%, or 60%. Therefore, 60% of the selling price of $7.50 per jar is markup.

Piper & Son Sells Pickled Peppers to Stores for $3