The markup percentage is 45.14%
Step-by-step explanation:
The given is:
- The selling price of a box of crackers is $1.75
- You mark the crackers up to $2.54
We need to find the markup percentage
The markup percentage = [tex]\frac{New-Old}{old}[/tex] × 100%
∵ The selling price of a box of crackers is $1.75
∴ Old = 1.75
∵ You mark the crackers up to $2.54
∴ New = 2.54
- Substitute these values in the rule above
∵ The markup percentage = [tex]\frac{2.54-1.75}{1.75}[/tex] × 100%
∴ The markup percentage = [tex]\frac{0.79}{1.75}[/tex] × 100%
∴ The markup percentage = 0.4514 × 100%
∴ The markup percentage = 45.14%
The markup percentage is 45.14%
Learn more:
You can learn more about percentage in brainly.com/question/1834017
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