an entrepreneur buys some beach umbrellas. each one costs $25 and resells online for $63. what is the mark…

an entrepreneur buys some beach umbrellas. each one costs $25 and resells online for $63. what is the mark - up percentage? write your answer using a percent sign (%).

an entrepreneur buys some beach umbrellas. each one costs $25 and resells online for $63. what is the mark - up percentage? write your answer using a percent sign (%).

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Selling - Cost. So, $63 - 25=38$.

Step2: Calculate the markup percentage

Markup percentage = $\frac{\text{Markup amount}}{\text{Cost}}\times100%$. Substitute the values: $\frac{38}{25}\times100%$. First, $\frac{38}{25}=1.52$, then $1.52\times100% = 152%$.

Answer:

$152%$