an oceanside surf shop sells a bodyboard for $34.95. the wholesale cost of the bodyboard is $21.18. what is…
an oceanside surf shop sells a bodyboard for $34.95. the wholesale cost of the bodyboard is $21.18. what is the percent of markup? round to the nearest percent.
Answer
Explanation:
Step1: Calculate markup amount
$$34.95 - $21.18 = $13.77$
Step2: Find percent markup
$\text{Percent Markup} = \frac{$13.77}{$21.18} \times 100%$
Step3: Compute and round result
$\frac{13.77}{21.18} \times 100% \approx 65%$
Answer:
65%