Question

1. A store buys denim jeans at a wholesale price of $18.00 and sells them for $30.00. What was the percentage markup on the jeans?

Answer 1

To find percent change, we use the formula (Amount of Change)/(Original Amount). The amount of change in this scenario is $12, and the original amount is $18. Using the formula, we get 12/18 ≈ 67%.
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