The markup percentage calculates to 45.14%
Step-by-step explanation:
The given data is:
- The selling price of a box of crackers is $1.75
- You increase the price of the crackers to $2.54
Our goal is to find the markup percentage.
Markup percentage =
× 100%
Given that the selling price of a box of crackers is $1.75
Thus, Old = 1.75
Since you marked the crackers to $2.54
Thus, New = 2.54
- Substitute the values into the formula
Markup percentage =
× 100%
Therefore, markup percentage =
× 100%
Therefore, the markup percentage = 0.4514 × 100%
Thus, the markup percentage = 45.14%
The markup percentage equals 45.14%
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