document.write( "Question 27559: A bookstore buys a used calculus book for $12.00 and sells it for $40.00. Find the percent of markup.\r
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document.write( "I know the profit was $28.00, but I can't figure out the formula to find the percentage of the markup. Help! \n" );
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Algebra.Com's Answer #14994 by longjonsilver(2297)![]() ![]() You can put this solution on YOUR website! any sort of question like this always is based upon the ORIGINAL value!\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "so, we have (increase/original)*100 \n" ); document.write( "--> (28/12)*100 \n" ); document.write( "--> (7/3)*100 \n" ); document.write( "--> 233.33%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in other words, it is more than twice the original price, which is correct: original being 12...twice this is 36...40 is just over that, by a further $4 which is one-third of 12...hence the meaning of 200%+33.33%\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "jon. \n" ); document.write( " \n" ); document.write( " |