Price Markup
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I want to give you an opportunity to respond to the types of questions you might encounter in your own classrooms, and defend the use of manipulatives as a learning tool. Take a few minutes to determine how you would respond to the following question.
Question:
A student reports that it is impossible to mark a product up 150% because 100% of something is all there is. What is your response?
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Solution Summary
This solution explains how you can answer a student who has you cannot have 150% of a price in regards to a markup.
Solution Preview
This statement can be addressed with clarification as to what a markup is. A markup is an increase in a price, so 150% is just a comparison to an original amount.
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