An entrepreneur buys some microscopes. Each one cost $200 and resells online for $526. What is the mark-up percentage?
1 answer:
Answer:
326
Step-by-step explanation:
Given: Microscopes. Each one costs $200 and resells online for $526.
To find: What is the mark-up percentage?
Solution: Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage.
Net Profit Margin = 61.98%
Net Profit = $326.00
Profit Percentage = 163.00%
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Answer:
Step-by-step explanation:
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