A jewelry store makes rings for $27. They sell the rings at a 78% markup. How much would you pay retail for a ring? Show your work. want a brainlist
1-answer correct
2-explain correctly
3-be first to answer(this makes the chance higher for you to get the brainlist)

Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.

Step-by-step explanation:

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