SOLUTION: The grocery store paid $1.99 for a 24-pack of bottled water and sold the case of water for $6.25 . Find the mark up rate ;round to the nearest tenth of a percent . This is question

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Question 404293: The grocery store paid $1.99 for a 24-pack of bottled water and sold the case of water for $6.25 . Find the mark up rate ;round to the nearest tenth of a percent . This is question is what I need help with
Thanks
Dorian
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The grocery store paid $1.99 for a 24-pack of bottled water and sold the case of water for $6.25 . Find the mark up rate ;round to the nearest tenth of a percent .
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Quantitative Gain: 6.25-1.99 = 4.26
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Percent Gain: 4.26/1.99 = 2.1407 = 214.1%
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Cheers,
Stan H.
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