A specialty shop procures silver necklaces for 15$ a piece and offers them to customers for 33$ each. What is the mark-up percen
tage?
1 answer:
Answer:
54.5%
Step-by-step explanation:
Given data
Cost price= $15
Selling price= $33
Mark up percent =????
%markup= selling-cost/selling*100
substitute
%markup= 33-15/33*100
%markup= 18/33*100
%markup=0.545*100
%markup= 54.5%
Hence the Percent markup is 54.5%
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