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Answer :
Final answer:
The markup of 12 1/3 % is converted to an improper fraction and then to a decimal, resulting in a percentage of 1233.33...%, or 1233rac{1}{3}% when expressed as a mixed number in percent form.
Explanation:
The question "If a markup of 12 1/3 % is equivalent to what percent?" involves percentage calculations that are fundamental in mathematics. To resolve this, we convert the mixed number to an improper fraction and then to a decimal before expressing it as a percent. The fraction for 12 1/3 % is 12rac{1}{3}%, which is equivalent to rac{37}{3}%. Now we convert this fractional percent to a decimal by dividing 37 by 3, giving us 12.3333 repeating. As a percentage, this is 12.3333..., and we multiply by 100 to shift it to a percentage format, resulting in 1233.33...%, or 1233rac{1}{3}% when expressed as a mixed number.
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