the manager of a store orders atlases that cost $12 and sells them for $33. what is the mark - up…

the manager of a store orders atlases that cost $12 and sells them for $33. what is the mark - up percentage? write your answer using a percent sign (%).

the manager of a store orders atlases that cost $12 and sells them for $33. what is the mark - up percentage? write your answer using a percent sign (%).

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Selling price - Cost price. So, $33 - 12=21$.

Step2: Calculate the markup percentage

Markup percentage = $\frac{\text{Markup amount}}{\text{Cost price}}\times100%$. Substitute the values: $\frac{21}{12}\times 100% = 175%$.

Answer:

175%