Question
A watch was purchased for \( \$ 25 \). The wholesale cost was \( \$ 16 \). What percentage was the markup? \( \begin{array}{l}\text { O4\% } \\ 1.56 \% \\ 56.25 \% \\ 0.56 \%\end{array} \)
Ask by Bradley Logan. in Brazil
Mar 22,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
A porcentagem de lucro é 56,25%.
Solution
1. Primeiro, encontramos o lucro, que é a diferença entre o preço de venda e o custo no atacado:
\[
lucro = 25 - 16 = 9
\]
2. Em seguida, calculamos a porcentagem do markup dividindo o lucro pelo custo e multiplicando por 100:
\[
\text{Markup} = \frac{9}{16} \times 100 \approx 56.25\%
\]
Portanto, a resposta correta é \(56.25\%\).
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution Mind Expander
To find the percentage markup, we need to determine the difference between the selling price and the wholesale cost, then divide by the wholesale cost and multiply by 100. The markup is \( 25 - 16 = 9 \). The formula is given by: \[ \text{Markup Percentage} = \left( \frac{\text{Markup}}{\text{Wholesale Cost}} \right) \times 100 = \left( \frac{9}{16} \right) \times 100 = 56.25\% \] So, the correct answer is \( 56.25\% \). To visualize this, think of it like buying candy for a low price and selling it to your friends for a bit more. That extra cash you make? That’s the markup! And if you sell it for a little less than double what you bought it for, that's a sweet profit!
