Question

The buyer for a chain of stores purchased kitchen tables in bulk, paying $32 each. The stores will sell each kitchen table for $58. What percentage is the mark-up?

Answer 1

The markup is 81.25%

Explanation:

Take the new price and subtract the original price

58 - 32

26

Divide by the original price

26/32

.8125

Change to percent form

81.25%

The markup is 81.25%