Question

a discount store buys a shipment of photocopy machines at a cost of $960 each. the photocopy machines will be sold for $2,118 apiece. what is the mark - up percentage? round your answer to the nearest percent and include a percent sign (%).

Explanation:

Step1: Calculate mark-up amount

$\$2118 - \$960 = \$1158$

Step2: Compute mark-up percentage

$\frac{\$1158}{\$960} \times 100\%$

Step3: Round to nearest percent

$120.625\% \approx 121\%$

Answer:

121%