Question

Camille Keegan sells lamps for $92.10 that cost her $62.00. What is Camille's percent markup based on the selling price? (Round to nearest hundredth percent.)

Answer 1

Answer:

Mark-up= 0.4859 = 48.59%

Explanation:

Giving the following information:

Camille Keegan sells lamps for $92.10 that cost her $62.00.

To calculate the mark-up, we need to use the following formula:

Mark-up= (selling price/unitary cost) - 1

Mark-up= (92.1/62) - 1

Mark-up= 0.4859 = 48.59%