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What would the equation be of the relationship??
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The Markup percentage is mathematically given as
M=42%
<h3>What is Mark up percentage?</h3>The markup % may be determined by dividing the gross profit of a unit (the difference between its sales price and the amount it cost to create or buy for resale) by the amount that unit originally cost. If a product sells for $12 but only costs the corporation $8 to produce it, the markup percentage for that product is 50%, which can be calculated as (12 - 8) divided by 8.
Generally, the equation for is Total cost price mathematically given as
TCP= Pay+insurance
Therefore
TCP=35.5*1.6
TCP=284/5
Generally, the equation for is Total selling price mathematically given as
TSP=89.99+7.99
TSP=97.98
In conclusion, Mark up percentage is
M=0.4202898551*100
M=42%
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