It cost Julie $2 for the materials to make a 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)?
If Julie creates a single bracelet for $2, then sells a single bracelet for $7, her profit increase would be 350%. Since $7 / $2 = 3.5, then 3.5 * 100 = 350%. Hope this helped!
