Question

the manager of a store orders cell phones thats cost $25 and sells them for $44. What is the mark-up, as a percentage?

Answer 1

The mark-up in percentage is 76%.

Step-by-step explanation:

The given information are,

The manager of a store orders cell phones that costs $25.

Therefore, the cost price of the cell phone = $25

He sells them at the cost of $44.

Therefore, the selling price of the cell phone = $44.

To find the profit the manager makes by selling the cell phone is calculated by the formula :

Profit = Cost price - selling price.

Profit = 44-25 ⇒ 19 dollars.

The difference between cost price and selling price is $19.

To find the percentage increase (mark-up value) :

Marked up = (Profit / cost price) × 100

⇒ (19/25) × 100

⇒ 76%

Therefore, the mark-up in percentage is 76%.