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15-05-2016
Mathematics

contestada

A watch was purchased for $25. The wholesale cost was $16. What percentage was the markup?

64%
1.56%
56.25%
0.56%

Respuesta :

24-05-2016

If you would like to know what percentage was the markup, you can calculate this using the following steps:

x% of $16 is $25
x% * 16 = 25
x/100 * 16 = 25
x = 25 * 100 / 16
x = 156.25%

156.25% - 100% = 56.25%

The correct result would be 56.25%.

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