Question

The manager of a store orders balance beams that cost $550 and sells them for $704. What percentage is the mark-up?

Answer 1

28%

Explanation:

Percentage mark up = (new - original) / original * 100 %

new = 704

original = 550

Substituting these values in

Percentage mark up = (704 - 550) / 550 * 100 %

=154/550 * 100%

=.28*100%

28%