Question

1. jennys fabric store can buy silk for $12.00/m from a wholesale fabric distributor. jenny marks up the cost of the silk, and then sells it for $19.00/m. what is the percent markup?

Explanation:

Step1: Calculate markup amount

$\$19.00 - \$12.00 = \$7.00$

Step2: Compute percent markup

$\frac{\$7.00}{\$12.00} \times 100\% \approx 58.33\%$

Answer:

The percent markup is approximately 58.33%