Question & Answer: Payton Sanchez runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.40, which she sells for $2…..

Payton Sanchez runs a popcorn stand in the local amusement park. Her cost to produce a bag of popcorn is $0.40, which she sells for $2.00. What is Payton’s markup percentage on a bag of popcorn? (Round answer to 0 decimal places, e.g. 25%.) Markup percentage % If Payton wants to earn a 500% markup on a bag of popcorn, what price must she charge? (Round answer to 2 decimal places, e.g. 0.38.) Price $ If Payton lowers her price per bag to $1.50, what markup percentage will she earn on a bag of popcorn? (Round answer to 0 decimal places, e.g. 25%.) Markup percentage %