"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.

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