Since he sold it for $75 more,
% Mark Up = Mark Up/ Cost Price * 100%
% Mark Up = 75 / 125 * 100%
= 0.6 * 100% = 60%
Percent Mark Up = 60%.
Hope this explains it.
To convert 86% to simplest form you first need to make it a decimal,
which is 0.86
then convert 0.86 to a fraction 86/100 which is not simplest form, the simplest form is 43/50
hope this helped!!
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