SOLUTION: The student council is selling cookies. They buy the cookies from the store for $0.55 cents each. They sell the cookies for $1 each. What is the percent of markup?

Question 1023791: The student council is selling cookies. They buy the cookies from the store for $0.55 cents each. They sell the cookies for $1 each. What is the percent of markup?
Found 2 solutions by Alan3354, robertb:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
64 -1/3 power + 64 -1/6 power
-----------
= 1/4 + 1/2
= 3/4

Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
The markup is M = 0.45.
The markup rate on cost is = 0.818181..., or 81.81%.
The markup rate on retail price is = 0.45, or 45%.
RELATED QUESTIONS
Rick and Steve are selling cookies at a bake sale. The ingredients for the cookies cost... (answered by josmiceli)
The Cookie Factory's best selling items are chocolate chip cookies andpeanut butter... (answered by yes9521)
Sheena’s Bakery makes and sells cookies and cakes. It costs the store Php580 to buy the (answered by ikleyn)
The Cookie Store sells cookies for 99 cents each. The store has monthly fixed costs of... (answered by ewatrrr)
Blake and his children went into a bakery and where they sell donuts for $1.50 each and... (answered by jim_thompson5910)
chocolate chip cookies sell for 50 cents and oatmeal cookies sell for 35 cents. on monday (answered by Fombitz)
You decide to make cake mix cookies to sell. Boxed chocolate cake mix is $4; eggs are... (answered by ikleyn)
Chris bought 12 items for a total cost of $6.00. The 12 items consisted of cookies and... (answered by richwmiller)
A group of students is trying to evenly divide the cookies remaining from a bake sale. If (answered by richwmiller)