question 17\ndascha is making a decorative table to sell at a fair. the cost of her materials is $80. if the…

question 17\ndascha is making a decorative table to sell at a fair. the cost of her materials is $80. if the table sells for $150, what is the percent of markup?

question 17\ndascha is making a decorative table to sell at a fair. the cost of her materials is $80. if the table sells for $150, what is the percent of markup?

Answer

Explanation:

Step1: Find the markup amount

Markup amount = Selling price - Cost price. So, $150 - 80=70$.

Step2: Calculate the percent - markup

Percent - markup formula is $\frac{\text{Markup amount}}{\text{Cost price}}\times100%$. Substitute the values: $\frac{70}{80}\times 100%$. $\frac{70}{80}\times 100%=\frac{7000}{80}% = 87.5%$

Answer:

$87.5%$