Question

if the cost to make bracelets is $5 each and you want to profit $2 on the sale of each bracelet. what is your mark-up as a percent on each bracelet

Answer 1

Mark-up is the amount that is added over the original value in order to cover for the operating cost or the profit. This can be calculated by dividing the profit by the initial cost and multiplying the quotient by 100.

m = (2/5)(100%)

Simplifying,
m = 40%

Answer: 40%