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Mo5d8eedjiboo
Mo5d8eedjiboo Mo5d8eedjiboo
  • 14-05-2016
  • Mathematics
Answered

A watch was purchased for $25. The wholesale cost was $16. What percentage was the markup?


64%

1.56%

56.25%

0.56%

Verified Answer :

Neuron
Neuron Neuron
  • 24-05-2016

If you would like to know what percentage was the markup, you can calculate this using the following steps:

x% of $16 is $25
x% 16 = 25
x/100
16 = 25
x = 25 * 100 / 16
x = 156.25%

156.25% - 100% = 56.25%

The correct result would be 56.25%.

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