Answer:
40%
Step-by-step explanation:
Given that :
Cost of production of small latte = 2.10
Sale price of small latte = 2.94
The Markup = Sale price of small latte - cost of production of small latte
The Markup = 2.94 - 2.10 = 0.84
Percentage Markup = (0.84 / 2.10) * 100%
Percentage Markup = 0.4 * 100% = 40%
