Question

A golf store pays its wholesaler $40 for a certain club. and then sells it to a golfer for $75. What is the markup rate?

Answer 1

87.5% increase

Explanation:

75 - 40 = 35

Find what percentage 35 is of 40, and you can do so by dividing.

35 ÷ 40 = 0.875

0.875 = 87.5%