Resourcesdown chevron
Testimonials
Plans
Sign in
Sign up
Resourcesright arrow
Testimonials
Plans
Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

Amy, an accountant, observes that her company purchased gold rings at a cost of $250\$250 and is currently selling them at a price of $380\$380. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

View step-by-step helpView step-by-step help
Homeright chevron icon
Math Problemsright chevron icon
Grade 7right chevron icon
Find the percent: tax, discount, and moreright chevron icon

Full solution

Q. Amy, an accountant, observes that her company purchased gold rings at a cost of $250\$250 and is currently selling them at a price of $380\$380. What is the mark-up, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Find Price Difference: First, let's find the difference in price between the selling price and the cost price. \newlineDifference in price = Selling price - Cost price\newline= $380\$380 - $250\$250 = $130\$130
  2. Calculate Mark-up Percentage: Next, we calculate the mark-up percentage based on the cost price.\newlineMark-up percentage = (Difference in price/Cost price)×100(\text{Difference in price} / \text{Cost price}) \times 100\newline= ($130/$250)×100(\$130 / \$250) \times 100\newline= 0.52×1000.52 \times 100\newline= 52%52\%

More problems from Find the percent: tax, discount, and more

Question
Johnny bought an oil painting originally priced at $80 but on sale for 5050% off. After 1010% sales tax, what was the total cost?\newline`$`____
Get tutor helpright-arrow

Posted 4 months ago

Question
It costs `$40` to buy 44 ironing boards. If the ironing boards all have the same price, how much does it cost to buy 11 ironing board? ` $`_____
Get tutor helpright-arrow

Posted 7 months ago

Question
Whitney buys a lamp online for $93\$93. If shipping and handling are an additional 10%10\% of the price, how much shipping and handling will Whitney pay? \newline $\$ _____\_\_\_\_\_
Get tutor helpright-arrow

Posted 8 months ago

Question
A 99-foot roll of plastic wrap costs $5.40\$5.40. What is the price per inch? \newline $\$ _____
Get tutor helpright-arrow

Posted 7 months ago

Question
A store purchased canoes for $300\$300 and sold them for $435\$435. What percentage is the mark-up? \newlineWrite your answer using a percent sign (%\%). \newline _____
Get tutor helpright-arrow

Posted 7 months ago

Question
A ceramic vase was originally priced at $100\$100 but went on sale for 50%50\% off. If Ernesto bought the ceramic vase and paid 12%12\% sales tax, how much did he pay in total? \newline $\$ ____
Get tutor helpright-arrow

Posted 7 months ago

Question
A 1212-foot roll of aluminum foil costs $7.20\$7.20. What is the price per inch?
Get tutor helpright-arrow

Posted 9 months ago

Question
A 1515-foot roll of paper towel costs $9.75\$9.75. What is the price per inch?
Get tutor helpright-arrow

Posted 7 months ago

Question
A 2020-foot roll of ribbon costs $8.00\$8.00. What is the price per inch?
Get tutor helpright-arrow

Posted 9 months ago

Question
A 66-foot roll of fabric costs $4.50\$4.50. What is the price per inch? \newline $\$ ______
Get tutor helpright-arrow

Posted 7 months ago

View all (44)

Related topics

Algebra - Order of OperationsAlgebra - Distributive Property`X` and `Y` AxesGeometry - Scalene TriangleCommon MultipleGeometry - Quadrant