pedersen said:I thought you'd do the opposite-
take the prior year - current year, 23,268-33,500 = -10232 div. by 23268 and hit the % key for 43.97% increase
pedersen said:I have the folloiwng problem
What is the percent of change from prior year to current year?
prior year $23,268
current year $33,500
How do I figure this?
Hi productive,productive said:A retailer wants to sell a popular doll for Christmas for $49.99. If she uses a 30% markup on COST, how much can she afford to pay for the doll? (use $ sign, nearest cent including .00 if needed, decimal point, no spaces)
pedersen said:-10232 div. by 23268 and hit the % key for 43.97%
If your calculator displays 0.4397 for -10232/23268, you better buy a new one.
tkhunny said:There are always 2 ways to do "Markup" … Markup as a percent of Cost … Markup as a percent of Price
True, true. But productive's exercise only jives with the former way.
[Selling Price] "markup" cannot exceed unity.
Oh, I'm not sure about that.
What if the retailer is Halliburton, and the United States government is the customer (that is, a customer who subsidizes the retailer's suppliers, too).
you must ask or clearly disclose your assumptions
Not possible (generally), when learning from a machine-teacher.
productive said:use $ sign, nearest cent including .00 if needed, decimal point, no spaces
Spoken like a true machine-teacher.
BigGlenntheHeavy said:\(\displaystyle In \ other \ words, \ there \ was \ an \ increase \ of \ 69.45 \% \ in \ one \ year.\)