Mathematics
Grade-7
Easy
Question
The cost of servicing was increased from $250 to $560. The percent mark-up is ___%.
- 42.85%
- 124%
- 62.15%
- 62%
The correct answer is: 124%
STEP BY STEP SOLUTION
Cost of serving (original ) = $250
Cost of serving (new) = $560
Increase in the cost of serving = New cost - Old cost
Increase in the cost of serving = 560 - 250 = $310
Increased % = 
Increased % = 
× 100 = 1.24 × 100 = 124%
THE MARK-UP IN THE COST OF SERVING = 124%
.
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