Mathematics
Grade-7
Easy

Question

A $20 shirt is sold off at $40, the mark-up is _________%.

  1. 100%
  2. 105%
  3. 30%
  4. 40%

The correct answer is: 100%


    STEP BY STEP SOLUTION
    Original price of shirt = $20
    Selling price of shirt = $40
    Change in the price of shirt = Selling price - Original price
    Change in the price of shirt = 40 - 20 =$20
    Mark-up % =fraction numerator C h a n g e space i n space t h e space p r i c e space o f space s h i r t space over denominator O r i g i n a l space p r i c e space o f space t h e space s h i r t space end fraction cross times 100
    20 over 20× 100 = 1 × 100= 100%
    MARK-UP % = 100%

    .

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