SOLUTION: a movie costs $8 and sells for $15. What is the rate of markup based on the selling price?

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Question 629715: a movie costs $8 and sells for $15. What is the rate of markup based on the selling price?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The markup is +15+-+8+=+7+
To find the % of the selling price,
+%287%2F15%29%2A100+ = 46 2/3 %