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03-10-2014
Mathematics

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Antonio sold a hat for $18. His wholesale cost was $8. What was the percent markup?

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05-10-2014

[tex]Make\ a\ fraction\ and\ multiply\ it\ by\ 100\%\\\\ \frac{wholesale\ cost}{price\ of\ hat}*100\%=\frac{8}{18}*100\%=\frac{800}{18}\%=44\frac{8}{18}\%\\\\ Percent\ markup\ was\ 44\frac{8}{18}\%.[/tex]

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