Question

We buy these products for $50 and then sell them for $67. that means that our price markup is

Answer 1

The price markup is a 34% increase.

Answer 2

Answer:

The markup is 34%.

Step-by-step explanation:

Given,

The cost price of the products = $ 50,

The selling price of the product = $ 67,

Thus, the markup in the price = $\frac{\text{Selling price-cost price}}{\text{cost price}}\times 100$

$=\frac{67-50}{50}\times 100$

$=\frac{17}{50}\times 100$

$=\frac{1700}{50}$

$=34\%$