The cost of a Marvel comic book is $4.95. The store charges a 20% mark-up. How much is the mark-up on the comic book ?

Question

The cost of a Marvel comic book is $4.95. The store charges a 20% mark-up. How much is the mark-up on the comic book ?

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Lệ Thu 4 years 2021-09-05T06:45:47+00:00 1 Answers 3 views 0

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  1. Sigrid
    0
    2021-09-05T06:46:55+00:00
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    Answer:

    0.99 profit

    Step-by-step explanation:

    Markup = profit/(cost x 100%)

    Cost: 4.95

    Markup:20%

    Revenue: 5.94

    Profit: 0.99

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