Question

A camping store purchases a cooler for $22.29. If it sells the cooler for $30, what is the percent of markup? Round to the nearest percent.

Answer 1

Answer:

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Answer 2

Answer:

Newprize(x) =30

Old prize(y) =22.29

Markup =

$\frac{x - y}{y}$

$\frac{30 - 22.29}{22.29}$

=0.34

Percent of markup is 34%