Question

A specialty shop procures silver necklaces for 15$ a piece and offers them to customers for 33$ each. What is the mark-up percentage?

Answer 1

54.5%

Explanation:

Given data

Cost price= $15

Selling price= $33

Mark up percent =????

%markup= selling-cost/selling*100

substitute

%markup= 33-15/33*100

%markup= 18/33*100

%markup=0.545*100

%markup= 54.5%

Hence the Percent markup is 54.5%