Answer:
The market price in percentage of the the article is 31.5%.
Step-by-step explanation:
Given : If an article costs a store $17.45 and if it sells the article for $22.95.
To find : What percentage markup is it using?
Solution :
The cost price of the article is CP=$17.45
The selling price of the article is SP=$22.95
Market price formula is
[tex]MP=\frac{SP-CP}{CP}[/tex]
[tex]MP=\frac{22.95-17.45}{17.45}[/tex]
[tex]MP=\frac{5.5}{17.45}[/tex]
[tex]MP=0.315[/tex]
The market price of the article is $0.315.
MP into percentage,
[tex]MP\%=MP\times 100\\MP\%=0.315\times 100\\MP\%=31.5\%[/tex]
Therefore, The market price in percentage of the the article is 31.5%.
