# The cost of a baseball glove is $50.00, the Sporting Goods Store sells i for$60.00. How do you find the Markup percentage?

Oct 26, 2016

I got: 20%

#### Explanation:

We know that the Sporting Goods Store charges
$60.00-$50.00=$10.00 on top of the cost of the glove. We need to evaluate, in percentage terms, the corresponding value of this increase. Let us consider that the cost, $50.00, corresponds to 100%; so $10.00 will corresponds to the required x%. We can compare the % and the $ using fractions and say:

(100%)/(x%) is the same as: ($50.00)/($10.00)
or:
(100%)/(x%)=($50.00)/($10.00)
rearranging:
x%=100%*($10.00)/($50.00)=20%
corresponding, in % terms, to the money charged by the store.