An entrepreneur buys some fountains. Each one costs $25 and resells online for $57. What percentage is the mark-up?
The mark-up is 128%.
Lorenzo bought a leather chair for $187 that was originally priced at $425. What percentage is the discount?
uh you have to ask the question again the bot does not reply to answers. sry
To determine the mark-up percentage, we need to calculate the difference between the selling price and the cost price as a percentage of the cost price.
The cost price of each fountain is $25, and it is resold online for $57. The mark-up is the difference between the selling price and the cost price, which in this case is $57 - $25 = $32.
To find the mark-up percentage, you can use the following formula:
Mark-up percentage = (Mark-up / Cost price) × 100
Let's calculate it:
Mark-up percentage = ($32 / $25) × 100
Mark-up percentage = 1.28 × 100
Mark-up percentage = 128%
Therefore, the mark-up percentage on these fountains is 128%.