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Finger [1]
3 years ago
12

Men’s Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on th

e belts?
Business
1 answer:
sukhopar [10]3 years ago
7 0

Answer:

Mark-up percentage= 87.55%

Explanation:

Giving the following information:

Purchased price= $15.99

Selling price= $29.99

<u>To calculate the mak up percentage, we need to use the following formula:</u>

Mark-up percentage= [(selling price - purchase price)/purchase price]*100

Mark-up percentage= [(29.99 - 15.99)/15.99]*100

Mark-up percentage= 87.55%

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