Question

Wanda, the owner of an e-commerce site, buys skateboards for $50 and then sells them on her site for $83. What is the mark-up, as a percentage?

Answer 1

Answer: 66%

Explanation:

Wanda buys the boards at $50 and sells them as $83.

The markup in actual dollar amounts is:

= 83 - 50

= $33

In percentage terms, the denominator will be the cost price:

= Markup / Cost price * 100%

= 33 / 50 * 100%

= 66%