Topic:- percentage
a percentage is a way of expressing a number as a fraction of 100 (per cent meaning "per hundred").Percentages are used to express how large one quantity is, relative to another quantity.
let us consider the example below:
Question:-
A computer software retailer used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25. A computer software retailer used a markup rate of 40%.
Find the selling price of a computer game that cost the retailer $25.
Solution :-
The markup is 40% of the $25 cost, so the markup is:
(0.40)(25) = 10
Then the selling price, being the cost plus markup, is:
25 + 10 = 35
The item sold for $35
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