a retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. what is the…

a retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. what is the percentage markup for these books?\n\na. 50%\nb. 33%\nc. 67%\nd. 3%

a retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. what is the percentage markup for these books?\n\na. 50%\nb. 33%\nc. 67%\nd. 3%

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Selling price - Cost price. Here, selling price = $9 and cost price = $6. So, Markup amount = $9 - $6 = $3.

Step2: Calculate the percentage markup

Percentage markup = $\frac{\text{Markup amount}}{\text{Cost price}}\times100%$. Substitute the values: $\frac{3}{6}\times100% = 50%$.

Answer:

A. 50%