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11111nata11111 [884]
3 years ago
12

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

Mathematics
2 answers:
kirill115 [55]3 years ago
6 0

The price markup is a 34% increase.

ZanzabumX [31]3 years ago
5 0

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\%

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