SOLUTION: bottled water costs $1.50. This is a markup from the wholesale cost of $.20. what is the markup percent? mintimbrown@yahoo.com

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Question 437127: bottled water costs $1.50. This is a markup from the wholesale cost of $.20. what is the markup percent?
mintimbrown@yahoo.com
Answer by stanbon(57387) About Me  (Show Source):
You can put this solution on YOUR website!
bottled water costs $1.50. This is a markup from the wholesale cost of $.20. what is the markup percent?
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original cost + 0.20 = sale price
oc + 0.20 = 1.50
oc = 1.30
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Find markup percent:
0.20/1.30 = 15.3%
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Cheers,
Stan H.