Mathematics

Question

You own a beauty salon where you not only cut hair but you also sell hair products. You buy a dozen barrettes for $18.00 and then sell them in your store for $2.00. You want to calculate your percent mark up.

To do so, you multiply 2 by 12, subtract 18 and then divide by 12. Is this correct?

2 Answer

  • Yes your method is correct. But you will need to express it in percentage in the end.
    So,
    2 x 12 ( dozen ) = 24
    24 - 18 = 6
    6 / 12 = 0.5
    $6 is how much you earned by selling 12 hair products.
    Hence, $0.50 is how much you earned per bottle.
    Transfering 0.5 into percentage would be 0.5 x 100.

    Your percentage mark up would be 50 %
  • 2*12=24
    24-18=6
    6 for price of 12 hair products sold
    6/12=.5
    .5 for percentage
    50% mark up