Question

the store bought a bike from the factory for$ 99 and sold I to Andre for $117 what percentage was the markup?

Answer 1

EXPLANATION

Let's see the facts:

Bike Price: $99

Sold Price: $117

The percentage is given by the following relationship:

`\text{Percentage: }\frac{\text{Selling price per unit}-Cost\text{ price per unit}}{Cost\text{ price per unit}}\cdot100`

Replacing terms:

`\text{Percentage =}(117-99)/(99)\cdot100`
`\text{Percentage = 18.18\%}`

Answer: The markup was 18.18%