Math Problem Statement
The cost to a distributor for a product is $25. The distributor sells the product for $51 to the customers.
- What is the amount of the markup?
Markup = $
- 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
-
Suitable Grade Level
Adult