derick8324 derick8324

21-01-2021
Mathematics

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An Avon sales lady buys a make-up kit for $120 and sells it for $65 more. What is the percent of markup? 37.5%

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Parrain Parrain

24-01-2021

Answer: 54.2%

Step-by-step explanation:

The percent mark-up refers to how much higher you sell a product than what you bought it for expressed as a percentage of what you bought it for.

In this case, the woman bought it for $120 and sold it for $65 more.

Cost = $120

Markup = $65

Markup percentage = 65 / 120 * 100%

= 54.2%

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