Question

A specialty shop procures several barbecue grills for $150 a piece and offers them to customers for $192 each. What percentage is the mark-up?

Answer 1

Answer: 28%

Explanation:

Markup percentage is calculated by dividing the gross profit of a unit (its sales price minus its cost to make or purchase for resale) by the cost of that unit.

cost = $150

revenue =$192

profit =$42

markup percentage = gross profit/cost ×100