You buy a classic comic book for $45. You want to resell it and make a $15 profit. What percent do you need to markup the comic book?
Mathematics · High School · Thu Feb 04 2021
Answered on
Given the statement:
You buy a classic comic book for $45. You want to resell it and make a $15 profit.
Determine the percent that you need to markup the comic book.
Solution:
In order to determine the percent to markup the comic book, we simply need to divide 15 by 45.
= 15/45
= 0.33333…
Since we are given a decimal answer, in order to convert it into percentage, we multiply the decimal by 100. Hence, in converting a percentage into decimal, we divide the percentage by 100.
= (0.33333)(100)
= 33.33%
Final answer:
= 33.33%