Question

a discount store buys a shipment of sets of golf clubs at a cost of $500 each. the sets of golf clubs will be sold for $910 apiece. what is the mark - up, as a percentage? write your answer using a percent sign (%).

Explanation:

Step1: Find the markup amount

The cost price (CP) is $500 and the selling price (SP) is $910. The markup amount is $SP - CP = 910 - 500 = 410$.

Step2: Calculate the markup percentage

The formula for markup percentage is $\frac{\text{Markup Amount}}{\text{Cost Price}} \times 100\%$. Substituting the values, we get $\frac{410}{500} \times 100\% = 0.82\times 100\% = 82\%$.

Answer:

82%