An Avon sales lady buys a make-up kit for $120 and sells it for $65 more. What is the percent of markup? 37.5%

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An Avon sales lady buys a make-up kit for $120 and sells it for $65 more. What is the percent of markup? 37.5%

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Dâu 2 months 2021-07-29T01:19:55+00:00 1 Answers 2 views 0

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    2021-07-29T01:21:42+00:00

    Answer: 54.2%

    Step-by-step explanation:

    The percent mark-up refers to how much higher you sell a product than what you bought it for expressed as a percentage of what you bought it for.

    In this case, the woman bought it for $120 and sold it for $65 more.

    Cost = $120

    Markup = $65

    Markup percentage = 65 / 120 * 100%

    = 54.2%

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