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Suppose the schools pay $2.00 per bottle for the juice and sell it to community members for $2.50 per bottle. What percent markup are they charging?

- The answer is 25% markup.

Just explain how to get 25% markup.

Respuesta :

frika

Answer:

25%

Step-by-step explanation:

The schools

  • pay $2.00 per bottle for the juice
  • sell it to community members for $2.50 per bottle.

So,

$2.00 - 100%

$2.50 - x%

Write a proportion

[tex]\dfrac{2.00}{2.50}=\dfrac{100}{x}[/tex]

Cross multiply

[tex]2x=2.5\cdot 100\\ \\2x=250\\ \\x=125\%[/tex]

The markup percent is 125% - 100% = 25%

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