3. SNOWBOARD What percent of markup Atlantis Snowboard costing $335 is sold for $399? on cost must be used if an

PREALGEBRA
15th Edition
ISBN:9781938168994
Author:OpenStax
Publisher:OpenStax
Chapter5: Decimals
Section5.6: Ratios And Rate
Problem 485E: Would you prefer the ratio of your income to your friend's income to be 3/1 or 1/3? Explain your...
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3. SNOWBOARD What percent of markup on cost must be used if an
Atlantis Snowboard costing $335 is sold for $399?
Transcribed Image Text:3. SNOWBOARD What percent of markup on cost must be used if an Atlantis Snowboard costing $335 is sold for $399?
Expert Solution
Step 1

Step:-1

Note:- Markup percentage = selling price-cost pricecost price×100

Given that

cost price = $335, selling price = $399

Markup percentage = selling price-cost pricecost price×100

Markup percentage = 399 - 335335×100

Markup percentage = 64335×100

Markup percentage = 19.10 %

So, 19.10 % of markup on cost is used.

 

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