Date: Sat, 28 Nov 1998 13:02:05 -0700
Subject: percentage formulas
My 11th grade daughter asked me how to calculate retail mark up percentages, I would appreciate any help with this question.
If the mercant bought an item for $10.00 and sold it for $14.00 then the markup on this item is $4.00. As a fraction of cost the markup is 4/10. To make this a percentage multiply by 100 to get (4/10)100 = 40%. Thus the percentage markup on this item is 40%.
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