It cost Christina $2 for the materials to make bracelet that she plans to sell. She sells each bracelet for $7. What is her percent increase in price (also known as percent mark-up)?

Question

Luna Angel · Accepted Answer

#250%# profit

You can apply the same technique to determine any change expressed as a percentage, including markup, profit, loss, or decrease. #% "change" = "amount of change"/"original amount" xx 100%# The difference between the beginning and the end is the amount of change. Change = #$7 - $2 = $5# % Change = #5/2 xx 100%# =#250%# profit

Julian Avila · Answer

undefined To find the percent increase in price, also known as the percent mark-up, we can use the formula:

Percent mark-up = ((Selling price - Cost price) / Cost price) * 100%

Given that Christina sells each bracelet for $7 and it costs her $2 for the materials, we can plug these values into the formula:

((7 - 2) / 2) * 100% = (5 / 2) * 100% = 2.5 * 100% = 250%

Therefore, Christina's percent increase in price, or percent mark-up, is 250%.