An Avon sales lady buys a make-up kit for $120 and sells it for $65 more. What is the percent of markup? 37.5%
1 answer:
Answer: 54.2%
Step-by-step explanation:
The percent mark-up refers to how much higher you sell a product than what you bought it for expressed as a percentage of what you bought it for.
In this case, the woman bought it for $120 and sold it for $65 more.
Cost = $120
Markup = $65
Markup percentage = 65 / 120 * 100%
= 54.2%
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