Question

. Duke's photography pays $9 for a 5x7 photograph.

If the photograph is sold for $15, what is the
percent of markup based on cost?​

Answer 1

the markup percentage is 66.67%

Explanation:

The computation of the percent of markup based on cost is shown below:

= (Selling price - paid price) ÷ (paid price)

= ($15 - $9) ÷ ($9)

= 66.67%

By taking the difference of the selling price & paid price and then divided it by paid price we can get the percentage of markup

Hence, the markup percentage is 66.67%