Solve the problem.
a store manager paid $20 for an item and set the selling price at $27.80. what was the percent markup?
41%
39%
28%
38%

39%

Step-by-step explanation:

Let's find the answer by using the following formula:

selling price=(paid price)+((paid price)*(percent markup)) which can be written as:

percent markup=((selling price)-(paid price))/(paid price)

percent markup=(27.80-20)/20

percent markup=0.39=39%

In conclusion, the percent markup is 39%.

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step-by-step explanation:

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step-by-step explanation:

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