Answer:
The markup percentage is 30.76 %
Step-by-step explanation:
Given as :
The selling price of an item = s.p = $650
The wholesale price of an item = w.p = $ 450
Let The markup percentage = d %
Now, According to question
d % = [tex]\dfrac{\textrm selling price - \textrm whole sell price}{\textrm whole sell price}[/tex]
Or, d = [tex]\dfrac{\textrm s.p - \textrm w.p}{\textrm w.p}[/tex] × 100
Or, d = [tex](\frac{650-450}{450})\times 100[/tex]
Or, d = [tex]\frac{200}{650}[/tex] × 100
Or, d = 30.7 5
The markup percentage = d = 30.76 %
Hence The markup percentage is 30.76 % Answer
