"Refer to and use the following abbreviations for the problems below:
BT = Box of tea
S&H = Shipping and handling
P = Desired profit per box of tea
RFP = Rice-filled pad "
1. What is the markup percentage for a box of ginger tea?
"(Show your work in this cell to solve for the markup percentage for a box of ginger tea.) "
"Use the marked cells below to fill in the appropriate numbers for the variables to check your answers."
Variables Used Cost per BT= S&H= P= Excel Formulas Ginger Tea % Markup In the yellow cells,
Create the formula that will give you the ginger tea markup percentage.
Use cell references in the formula-do NOT use numbers.