Math Problem Statement

The cost to a distributor for a product is $25. The distributor sells the product for $51 to the customers.

  1. What is the amount of the markup?

Markup = $

  1. What is the markup based on the cost (expressed as a percentage)? Round the answer to two decimal places.

Markup based on Cost = %

Solution

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Math Problem Analysis

Mathematical Concepts

Markup
Percentage Calculation

Formulas

Markup formula: Selling price - Cost price
Markup percentage formula: (Markup / Cost price) * 100

Theorems

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Suitable Grade Level

Adult