Question

The cost of making a phone is $152. A store sells the phone for $281.20 select all the the expressions that could be used to find the percentage of markup for the ohone

Answer 1

Answer:

• $\frac{100 * (281.20 - 152)}{152}$

• $(\frac{281.20}{152}-1 ) * 100$

Step-by-step explanation:

The above two expressions can be used to find the percentage of mark-up for the phone.

The first expression for instance will give;

$= \frac{100 * (281.20 - 152)}{152}\\\\= \frac{12,920}{152}\\\\= 85$

= 85%

The second expression will give;

$= (\frac{281.20}{152}-1 ) * 100\\\\= 0.85 * 100\\\\= 85$

= 85%

Both of them will show that an 85% mark-up has been added to the cost of the phone.