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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.
When the average daily temperature in New York City decreases, the number of persons who are observed wearing sweaters in the workplace increases, this implies a<u> </u><u>negative correlation.</u>
Negative correlation simply means the relationship between two variables where as one variable increases, the other variable will reduce.
Therefore, in a situation where the average daily temperature in New York City decreases and the number of persons who are observed wearing sweaters in the workplace increases, this illustrates a negative correlation.
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