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A website is selling barbecue grills for $783. The site got the barbecue grills at a cost of $580. What is the mark-up, as a percentage?
The price it cost the site to buy the grills was $580 but they were selling them for $783. So for each grill, they get a profit of $203. (783-580=203).
35% of $580 is 203 which adds up to $783
So therefore the markup rate is 35% I hope this helps!
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