TBTS buys its balloon packs from a local supplier for 7.20 Singapore Dollars (SGD) a pack. It sells them to customers for 16.90 SGD.(v) Whichone of the following is the markup on a pack of balloons?Selectone answer. (1)A 7.20 %B 9.70 %C 69.84 %D 134.72 %
Question
TBTS buys its balloon packs from a local supplier for 7.20 Singapore Dollars (SGD) a pack. It sells them to customers for 16.90 SGD.(v) Whichone of the following is the markup on a pack of balloons?Selectone answer. (1)A 7.20 %B 9.70 %C 69.84 %D 134.72 %
Solution
The markup on a pack of balloons is calculated by subtracting the cost price from the selling price, then dividing the result by the cost price and multiplying by 100 to get the percentage.
Here's how you can calculate it:
Step 1: Subtract the cost price from the selling price. 16.90 SGD - 7.20 SGD = 9.70 SGD
Step 2: Divide the result by the cost price. 9.70 SGD ÷ 7.20 SGD = 1.3472
Step 3: Multiply by 100 to get the percentage. 1.3472 x 100 = 134.72%
So, the markup on a pack of balloons is 134.72%. Therefore, the correct answer is D 134.72 %.
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