Question

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

Answer 1

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%

Answer 2

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!