Question

A golf retailer purchases its clubs from a wholesaler at $39 per club. It sells the same clubs to golfers at $76 per club. What is the markup on each club, as a percentage of the wholesale price?

Answer 1

Find the amount of the markup by subtracting:

76-39 = $37

Divide the amount of the mark up by the purchase price:

37/39 = 0.948 x 100 = 94.8%

Answer: 94.8 %. Round the answer as needed.