SOLUTION: The cost to a distributor for a product is $41. The distributor sells the product for $93 to his customers. What is the markup rate? Be sure to round your answer to the nearest who

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: The cost to a distributor for a product is $41. The distributor sells the product for $93 to his customers. What is the markup rate? Be sure to round your answer to the nearest who      Log On


   

Question 1170994: The cost to a distributor for a product is $41. The distributor sells the product for $93 to his customers. What is the markup rate? Be sure to round your answer to the nearest whole percent, e.g. 0.435 would be 44%.The rate is the %.
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
cost = 41.
sale price = 93.
markup = 93 - 41 = 52.
markup rate = 52/93 = .5591397849 = 55.91397849% = 56%.