Question

Mia, an accountant, observes that her company purchased softball bats at a cost of $14 and

is currently selling them at a price of $21. What percentage is the mark-up?
Write your answer using a percent sign (%).

Answer 1

5% is the markup

Explanation:

thank me later

Answer 2

5%

(Markup percent/100) × Cost price = Selling price - cost price

=> (Markup percent/100) × $14 = $21 - $14

=> (Markup percent/100) × $14 = $7

=> (Markup percent/100) = $7 / $14

=>