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25-07-2021
Mathematics

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It cost 2.10 for a gourmet coffee shop to make a small latte.The price of a small latte is 2.94.What is the percent markup on the latte

Respuesta :

26-07-2021

Answer:

40%

Step-by-step explanation:

Given that :

Cost of production of small latte = 2.10

Sale price of small latte = 2.94

The Markup = Sale price of small latte - cost of production of small latte

The Markup = 2.94 - 2.10 = 0.84

Percentage Markup = (0.84 / 2.10) * 100%

Percentage Markup = 0.4 * 100% = 40%

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