A store buys an item for $10. To earn a profit of $25, what percent does the store need to markup the item?

Question

4225 views around the world

You can reuse this answer
Creative Commons License

Answer 1 · 2018-02-23T05:59:29

#250%# is the final answer.

The new marked up price of the item for a profit of #$25# will be:

#\text{Markup Price}=$10+$25#

#=$35#

#\text{Percentage Markup}=\text{Markup Price - Orginial Price}/\text{Original Price}\times 100#

#\text{Percentage Markup}=\text{$35 - $10}/\text{$10}\times 100#

Simplify to get:

#=250%#