a store owner bought nightstands for $33 and sold them for $52. what is the mark - up, as a percentage…

a store owner bought nightstands for $33 and sold them for $52. what is the mark - up, as a percentage? round your answer to the nearest percent and include a percent sign (%).

a store owner bought nightstands for $33 and sold them for $52. what is the mark - up, as a percentage? round your answer to the nearest percent and include a percent sign (%).

Answer

Explanation:

Step1: Calculate mark - up amount

Mark - up amount = Selling price - Cost price. So, $52 - 33=19$.

Step2: Calculate mark - up percentage

Mark - up percentage = $\frac{\text{Mark - up amount}}{\text{Cost price}}\times100%$. Substitute the values: $\frac{19}{33}\times100%$. $\frac{19}{33}\times100%=\frac{1900}{33}% \approx 57.5757%$.

Step3: Round to nearest percent

Rounding $57.5757%$ to the nearest percent gives $58%$.

Answer:

$58%$