Question

For the same example as (1), what is the markup if the price is $89 and the cost is $72? Please round your answer to the nearest tenth of a percent

Answer 1

23.6%

Step-by-step explanation:

The price is $89

The cost is $72

mark-up in dollars price -cost

= $89-72

=$17

As a percentage

=$17/72 x 100

=0.23611 x 100

=23.6 %