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How do you find the amount of markup or the amount of discount given $1 wax; 125% markup?

Answer 1

Eli Assouline

See a solution process below:

This problem can be restated as:

What is 125% of $1?

"Percent" or "%" means "out of 100" or "per 100", Therefore 125% can be written as #125/100#.

When dealing with percents the word "of" means "times" or "to multiply".

Finally, lets call the markup amount we are looking for "m".

Putting this altogether we can write this equation and solve for #m# while keeping the equation balanced:

#m = 125/100 xx $1#

#m = ($125)/100#

#m = $1.25#

The markup amount is $1.25

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Answer 2

Genesis Allen

To find the amount of markup on a $1 wax with a 125% markup, you multiply the original price by the markup percentage. So,$ 1 * 125% = $1.25. Therefore, the amount of markup is$ 1.25.

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Answer from HIX Tutor

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.