Answer:
The markup percentage is 61.2
Step-by-step explanation:
Given as :
The cost price of each ornaments = $23
The sell price of each ornament = $37.08
Let The markup percentage = x
Now, According to question
Markup percentage = [tex]\dfrac{s.p - c.p}{c.p}[/tex] × 100
Or, x% = [tex]\dfrac{37.08 - 23}{23}[/tex]
Or, x% = [tex]\dfrac{14.08}{23}[/tex]
Or, x% = 0.612
∴ x = 0.612 × 100
I.e x = 61.2
So, The The markup percentage = x = 61.2
Hence, The markup percentage is 61.2 Answer
