Answered

Discover the best answers to your questions with the help of IDNLearn.com. Ask your questions and receive comprehensive, trustworthy responses from our dedicated team of experts.

the store bought a bike from the factory for$ 99 and sold I to Andre for $117 what percentage was the markup?

Sagot :

EXPLANATION

Let's see the facts:

Bike Price: $99

Sold Price: $117

The percentage is given by the following relationship:

[tex]\text{Percentage: }\frac{\text{Selling price per unit}-Cost\text{ price per unit}}{Cost\text{ price per unit}}\cdot100[/tex]

Replacing terms:

[tex]\text{Percentage =}\frac{117-99}{99}\cdot100[/tex][tex]\text{Percentage = 18.18\%}[/tex]

Answer: The markup was 18.18%

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.