Answered

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The cost of a fish dinner to the owner of the golden wharf restaurant is $11.55. The fish dinner is sold for $20.55. Determine the percent markup.

Sagot :

The owner of the restaurant pays $11.55 for the dinner and charges $20.55 for it.

To determine the percent markup, you have to calculate the percentage of increase.

-First, calculate the difference between the sale price and the buy price:

[tex]20.55-11.55=9[/tex]

-Second, divide the result by buy value and multiply by 100:

[tex]\frac{9}{11.55}\cdot100=77.92[/tex]

The markup percent is 77.92%

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