Answered

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Roger has an electronics store. He buys a computer for $375 and sells it for $625. What is the percent of markup based on selling price? Round your answer to the nearest tenth of a percent.

Sagot :

Answer:

Rounded to the nearest tenth of a percent, the answer is 40.0%.

Step-by-step explanation:

To find the percent of markup based on the selling price, we need to find the markup and then divide by the selling price.

Markup = Selling price - Cost price

= $625 - $375

= $250

Percent of markup = (Markup / Selling price) x 100

= ($250 / $625) x 100

= 40%

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