Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
-A local dealer sells baseballs for $25 each. If $6.90 is the cost, what is the percent of markup on the cost?
A)27.6%
B)72.4%
C)2.6%
D)262.3%

Question

Quizplus · Accepted Answer

The markup on cost is calculated as (Selling Price - Cost Price) / Cost Price * 100. Here, it is (($25 - $6.90) / $6.90) * 100 = 262.3%.

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