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Patios Plus sold an outdoor lighting set for $119.95. The Markup on the set was $25.99. Find the selling price as a percent of cost. Round to the nearest percent

Sagot :

The selling price as a percent of the cost is given by the ratio between the selling price and the the cost. The selling price is given, which is $119.95 the cost is given by the difference between the selling price and the Markup($25.99). Combining all those informations in an equation, we have

[tex]\frac{119.95}{119.95-25.99}=1.27660706684\ldots[/tex]

To write this as a percentage, we just multiply the ratio by 100.

[tex]1.27660706684\ldots\times100=127.660706684\ldots\approx128[/tex]

The selling price is 128% of the cost.

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