A golf retailer purchases its clubs from a wholesaler at $44 per club. It sells the same clubs to golfers at $75 per club. What
is the markup on each club, as a percentage of the wholesale price?
1 answer:
Answer:
70.45%
Step-by-step explanation:
The markup is $75 -44 = $31. As a percentage of the wholesale price, that is ...
$31/$44 × 100% ≈ 70.45%
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