If an article costs a store $7.45 and if it sells the article for $9.95, what percentage (to the nearest tenth) markup is it using?

subtract to find the difference:

9.95 - 7.45 = 2.50

 divide 2.50 by cost price to get mark up percentage

2.50 / 7.45= 0.3355

= 33.6 percent to the nearest tenth

Markup Percentage is 33.56 %

Step-by-step explanation:

Given: Cost of an article = $ 7.45

           Selling price of the article = $ 9.95.

To find: Markup percentage or profit percentage

Clearly Selling price is greater we have profit in this case.

Profit amount = 9.95 - 7.45 =  $ 2.50

Profit percentage = %

Therefore, Markup Percentage is 33.56 %

the expected value of the random variable : 0, 1 and 2

step-by-step explanation:

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step-by-step explanation: