A jewellery store purchases earrings form a manufacturer for $5 each. If the store sells the earrings for 12.50 each, what is the precent markup?
a. 75%
b. 125%
c. 150%
d. 200%
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A jewellery store purchases earrings form a manufacturer for $5 each. If the store sells the earrings for 12.50 each, what is the precent markup?
a. 75%
b. 125%
c. 150%
d. 200%
Use this formula:
Cost + cost*(percent markup/100) = price
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