subtract to find the difference:
9.95 - 7.45 = 2.50
divide 2.50 by cost price to get mark up percentage
2.50 / 7.45= 0.3355
= 33.6 percent to the nearest tenth
Answer:
Markup Percentage is 33.56 %
Step-by-step explanation:
Given: Cost of an article = $ 7.45
Selling price of the article = $ 9.95.
To find: Markup percentage or profit percentage
Clearly Selling price is greater we have profit in this case.
Profit amount = 9.95 - 7.45 = $ 2.50
Profit percentage = [tex]\frac{2.50}{7.45}\times100=33.5570469799=33.56[/tex] %
Therefore, Markup Percentage is 33.56 %
