The percent of markup is 20%
Step-by-step explanation:
Selling price of the drink = $1.50
Cost of the drink last year = $1.25
Percent of markup = (selling price - cost) (100)/cost
Percent of markup = (1.50 - 1.25)(100) /1.25
= 0.25(100) /1.25
= 25/1.25
= 20%
The percent of markup is 20%
