Find the percent of markup for $40 marked up to $59.75. round to the nearest percent.

To find the mark up percentage, we have to use the following formula

THe origional price is $ 40 and marked up price is $ 59.75.

So the required percentage is

So it is approx 49% .

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step-by-step explanation:

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for