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I have socks is purchased at wholesale for two dollars. It is then sold for four dollars to the customer. What is the percentage increase?
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5 votes
I have socks is purchased at wholesale for two dollars. It is then sold for four dollars to the customer. What is the percentage increase?

User Nikolay Advolodkin
by
5.0k points

2 Answers

4 votes

Answer:

50%

Explanation:

If the original price is $2, and the person then sells it for $4, the markup is 50% because 4/2 is 2.

User Niklasae
by
6.2k points
2 votes

Answer:

50%

Explanation:

User Jobi Joy
by
5.2k points
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